Why is Sharda Motor falling/rising?

As of 18-Sep, Sharda Motor Industries Ltd is experiencing a price increase, currently at 1,072.30, reflecting a rise of 13.3 points or 1.26%. The stock opened with a gain of 3.77% today, reaching an intraday high of Rs 1,098.95. Over the past week, the stock has outperformed the sector by 1.12%, and it has shown positive returns of 3.00% over the last week and 3.69% over the last month. Despite a year-to-date return of 15.61%, the stock has underperformed over the past year with a decline of 12.91%. The company boasts strong long-term fundamentals, including an average Return on Equity (ROE) of 25.69% and significant growth in net sales and operating profit. However, the stock's performance has been negatively impacted by a flat result in June and a decline in investor participation, as evidenced by a 13.27% drop in delivery volume against the five-day average.
In the broader market context, Sharda Motor's recent performance is favorable compared to the benchmark, as it has outperformed the Sensex, which has returned 1.80% over the past week and 2.14% over the past month. While the stock has shown resilience in the short term, its long-term performance remains a concern due to a significant decline over the past year compared to the BSE500's negative return of 1.96%. The stock is trading at a premium compared to its peers, which may attract investors despite its recent underperformance. Overall, the combination of strong fundamentals and recent price movements suggests a positive outlook, although the historical decline raises caution among potential investors.