Why is Sharda Motor falling/rising?

As of 04-Sep, Sharda Motor Industries Ltd is experiencing a decline in its stock price, currently at 1,054.70, which reflects a decrease of 8.15 points or 0.77%. The stock opened with a gain of 4.29% today, reaching an intraday high of Rs 1108.45, but has since fallen after three consecutive days of gains. Despite this drop, the stock has shown strong performance over the past week and month, with returns of +1.83% and +0.97%, respectively. However, it has underperformed over the past year with a significant decline of -20.71%. The company maintains strong long-term fundamentals, evidenced by a solid average Return on Equity (ROE) of 25.69% and healthy growth in net sales and operating profit, but it has also faced challenges, including a flat performance in its latest quarterly results.
In the broader market context, Sharda Motor's recent performance contrasts with the benchmark Sensex, which has seen a modest gain of 0.80% over the past week. While the stock has outperformed the benchmark in the short term, its one-year performance is notably weaker, with a decline that is significantly greater than the market's overall drop of -1.98%. This underperformance may contribute to investor caution, despite the stock's attractive long-term valuation metrics and rising investor participation, as indicated by a substantial increase in delivery volume. The combination of recent price movements and the broader market's performance suggests that while there are strong fundamentals supporting the stock, recent volatility and historical underperformance may be influencing its current price decline.