Why is SKF India falling/rising?

As of 29-Oct, SKF India Ltd's stock price is currently at Rs 2,175.00, reflecting an increase of Rs 9.75, or 0.45%. The stock has recently experienced a trend reversal, gaining after four consecutive days of decline. Despite today's performance underperforming the sector by 0.52%, the stock has shown significant long-term strength, with a remarkable 127.79% increase over the past month and a 107.86% return over the last year. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend, although it is below the 5-day moving average. Additionally, rising investor participation is noted, with a 12.46% increase in delivery volume compared to the 5-day average, suggesting renewed interest in the stock.
In the broader market context, SKF India's short-term performance has lagged behind the Sensex, which has gained 0.68% over the past week, while SKF India has decreased by 2.82%. However, the stock's long-term performance significantly outpaces the benchmark, with a 143.56% increase over the last three years compared to the Sensex's 41.76%. The company's strong fundamentals, including a high return on equity of 21.42% and a low debt-to-equity ratio, contribute to its attractive valuation, despite a recent decline in profits. High institutional holdings at 34% further bolster confidence in the stock, as these investors typically possess greater analytical resources. Overall, while the stock has faced short-term challenges, its long-term trajectory remains robust, supported by solid financial metrics and institutional backing.