Why is Sharda Motor falling/rising?

As of 16-Sep, Sharda Motor Industries Ltd is experiencing a price increase, currently at 1,075.00, reflecting a rise of 14.35 or 1.35%. The stock has shown positive momentum, gaining 3.48% over the last two days and outperforming its sector by 0.38% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term performance. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 240.27% against the 5-day average. Despite a negative return of -13.67% over the past year, the company maintains strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 25.69% and low debt levels, which contribute to its attractive valuation.
In the broader market context, Sharda Motor's short-term return of +1.38% over the past week is slightly below the Sensex's return of +1.58%, indicating that while the stock is rising, it is not outperforming the benchmark index in the immediate term. Over the last month, however, the stock has gained +5.64%, compared to the Sensex's +2.21%, showcasing better performance in the longer term. Despite its recent gains, the stock has underperformed the market over the past year, where the broader market has seen a decline of -0.73%. This context suggests that while the stock is currently rising, it faces challenges from its historical performance and broader market trends.