Why is Sharda Motor falling/rising?

As of 11-Sep, Sharda Motor Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,041.10, reflecting a decrease of -3.45 (-0.33%). The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of -2.43% during this period. Despite touching an intraday high of Rs 1,068.85 earlier in the day, the stock's performance over the past week shows a loss of -1.29%, and over the past year, it has underperformed significantly with a return of -19.39%. The company's delivery volume has also decreased by -25.45% compared to the five-day average, indicating falling investor participation. While the company boasts strong long-term fundamentals, including a high return on equity and healthy growth rates, its recent performance has been negatively impacted by flat results and a significant underperformance relative to the market.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as the Sensex has gained +1.03% over the past week. The stock's decline is particularly notable given that it has underperformed the market over the last year, where the BSE500 index recorded a negative return of -2.29%. This stark difference highlights the challenges faced by Sharda Motor, despite its attractive long-term valuation and strong fundamentals. The combination of recent price declines, reduced trading volume, and a lack of positive momentum in comparison to the broader market suggests that investor sentiment is currently cautious regarding the stock's near-term prospects.