Why is Sharda Motor falling/rising?

As of 24-Sep, Sharda Motor Industries Ltd is experiencing a decline in its stock price, currently at 1,118.00, which reflects a decrease of 15.4 points or 1.36%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 5.57% and 5.87%, respectively. The stock is also trading above its moving averages across various time frames, indicating a generally strong trend. However, it has underperformed its sector by 0.32% today and has seen a trend reversal after two consecutive days of gains. The company boasts strong long-term fundamentals, including a robust average Return on Equity (ROE) of 25.69% and significant growth in net sales and operating profit, although it has faced a slight decline in profits over the past year.
In the broader market context, Sharda Motor's recent performance contrasts with the Sensex, which has declined by 1.18% over the past week. While the stock has outperformed the benchmark in the year-to-date period with a return of 20.54% compared to the Sensex's 4.58%, the recent price drop may reflect a market correction or profit-taking after a strong performance. The stock's liquidity remains adequate, and rising investor participation suggests ongoing interest, but the flat results reported in June may have contributed to the current volatility. Overall, while the company has strong fundamentals, the recent price movement indicates a cautious sentiment among investors.