Why is Sharda Motor falling/rising?

As of 01-Aug, Sharda Motor Industries Ltd's stock price is currently at 1,051.45, reflecting a decrease of 4.3 points or 0.41%. The stock has experienced a trend reversal, falling after two consecutive days of gains. On the day, it touched an intraday low of Rs 1034.1, representing a decline of 2.05%. Despite this drop, the stock has outperformed its sector by 0.81%. Over the past week, the stock has decreased by 1.35%, while it has shown a positive return of 6.64% over the past month. However, the stock's performance over the last year has been negative at -13.82%. The company maintains strong long-term fundamentals, with a healthy average return on equity (ROE) of 25.69% and significant growth in net sales and operating profit. Nevertheless, the stock has seen a decline in investor participation, with delivery volume falling by 56.75% against the 5-day average.
In the broader market context, Sharda Motor's recent performance has been slightly worse than the benchmark Sensex, which has decreased by 1.06% over the past week. While the stock has shown a robust return of 179.60% over the past three years, its short-term performance indicates some volatility, particularly with the recent drop. The stock is trading at a premium compared to its peers, which may contribute to its price fluctuations. Despite the recent decline, the company's fundamentals remain strong, suggesting potential for recovery in the long term.