Why is SKF India falling/rising?

As of 18-Jul, SKF India Ltd. is experiencing a slight increase in its stock price, currently at 4,960.00, with a change of 12.9, representing a 0.26% rise. The stock has shown positive performance over the past week with a return of 2.43%, and it has gained 7.14% over the past month. Despite this upward trend, the stock underperformed its sector by 0.25% today, and there has been a decline in delivery volume by 5.22% against the 5-day average. Notably, SKF India is trading above its moving averages across multiple timeframes, indicating a bullish trend. The company benefits from high management efficiency, reflected in a return on equity (ROE) of 21.42%, and a low debt-to-equity ratio, which supports its financial stability.
In the broader market context, SKF India's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week. While the stock has shown a year-to-date return of 10.52%, outperforming the Sensex's 4.63%, it has lagged over the past year with a decline of 14.15% compared to the Sensex's slight gain of 0.51%. The high institutional holdings at 34.16% suggest that knowledgeable investors are backing the stock, which may provide some support against broader market volatility. Overall, while SKF India is currently rising, the mixed signals from delivery volumes and sector performance indicate caution moving forward.