Why is Sharda Motor falling/rising?

As of 02-Sep, Sharda Motor Industries Ltd is experiencing a price increase, currently at 1,050.50, with a change of 6.3 (0.6%) up. The stock has outperformed its sector by 0.34% today and has shown a consecutive gain over the last two days, rising 3.18% in that period. It reached an intraday high of Rs 1080, reflecting positive momentum. Over the past week, the stock has gained 2.39%, while its year-to-date performance stands at a notable 13.26%. Despite a decline of 19.69% over the past year, the company demonstrates strong long-term fundamentals, including a robust average Return on Equity (ROE) of 25.69% and healthy growth in net sales and operating profit. However, a recent drop in delivery volume by 35.77% against the 5-day average indicates a potential concern regarding investor participation.
In the broader market context, Sharda Motor's recent performance contrasts with the benchmark Sensex, which has declined by 0.78% over the past week. While the stock has shown resilience and positive returns in the short term, it has underperformed the market over the last year, where the BSE500 index fell by only 4.82%. This disparity highlights the stock's volatility and the challenges it faces despite its strong fundamentals. The attractive valuation and low debt levels may support future growth, but the recent flat results and significant underperformance in the past year raise caution among investors.