Why is Sharda Motor falling/rising?

As of 20-Aug, Sharda Motor Industries Ltd is experiencing a rise in its stock price, currently at 1,083.15, reflecting an increase of 11.15 or 1.04%. The stock has shown strong performance recently, gaining 6.24% over the last three days and outperforming its sector by 1.06% today. It has also been trading above its moving averages across various time frames, indicating positive momentum. Despite a one-year decline of 16.53%, the company has demonstrated strong long-term fundamentals, with a robust average Return on Equity (ROE) of 25.69% and significant growth in net sales and operating profit. However, the stock's recent performance is tempered by its underperformance over the past year compared to the broader market.
In the broader market context, Sharda Motor's short-term return of 3.12% over the past week outpaces the Sensex's return of 1.64%, suggesting that the stock is gaining traction relative to the market. While the company has faced challenges, including a flat performance in June and a significant decline over the past year, the recent uptick in investor participation and liquidity indicates renewed interest. The stock's ability to maintain a fair valuation despite trading at a premium compared to peers may also contribute to its current upward movement. Overall, the combination of strong fundamentals and recent positive trading activity supports the stock's rise amidst a mixed performance history.