Why is SKF India falling/rising?

As of 24-Jul, SKF India Ltd. is currently priced at 4,975.00, reflecting a decrease of 18.3 points or 0.37%. Despite this decline, the stock has shown positive performance in the short term, with a 1-week return of 0.56% and a 1-month return of 5.34%, outperforming the Sensex, which has seen a slight decline of 0.09% over the same week and a modest gain of 0.16% over the month. Today's price summary indicates that SKF India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend in the stock's performance. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 21.3% compared to the 5-day average. The company also boasts a high return on equity (ROE) of 21.42%, a low debt-to-equity ratio, and strong quarterly growth metrics, which contribute positively to investor sentiment.
In the broader market context, SKF India's performance contrasts with the benchmark Sensex, which has only gained 2.54% over the past year, while SKF has experienced a decline of 11.87% in the same period. However, the stock's year-to-date performance of 10.85% significantly outpaces the Sensex's 5.18% gain, indicating a stronger recovery trajectory in the current year. The high institutional holdings at 34.16% suggest that informed investors are confident in the company's fundamentals, which may provide some support against broader market fluctuations. Overall, while SKF India is experiencing a slight decline in its current price, the underlying factors indicate a resilient performance relative to the market and positive growth potential moving forward.