Why is Sharda Motor falling/rising?

As of 15-Sep, Sharda Motor Industries Ltd's stock price is currently at 1,060.65, reflecting an increase of 21.85, or 2.1%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It reached an intraday high of Rs 1115, showcasing a significant rise of 7.34%. The stock has shown a mixed performance over various periods, with a 1-month return of +4.23% and a year-to-date return of +14.36%, although it has underperformed over the last year with a decline of -15.85%. The company benefits from strong long-term fundamentals, including a healthy return on equity of 25.69% and a low debt-to-equity ratio, which supports its valuation despite recent profit declines.
In the broader market context, the stock's short-term performance has been slightly below the benchmark, with a 1-week return of -0.05% compared to the Sensex's +1.24%. However, the stock's recent rise today indicates a positive shift in investor sentiment, likely driven by increased participation and liquidity. Despite the overall negative return over the past year, the company's strong fundamentals and attractive valuation may be contributing to renewed interest among investors, helping to counterbalance the recent underperformance relative to the market.