Why is Eicher Motors falling/rising?

As of 11-Aug, Eicher Motors Ltd's stock price is currently at Rs 5,680.00, reflecting an increase of Rs 16.2 or 0.29%. The stock has shown a positive performance over the past week and month, with returns of +1.06% and +1.54%, respectively, while it is also close to its 52-week high, just 4.01% away from Rs 5,907.85. Despite a narrow trading range of Rs 51.05 and a slight decline in delivery volume, the stock is trading above its moving averages, indicating a strong upward trend. The company's low debt levels, strong long-term growth in net sales and operating profit, and a high return on equity contribute positively to its recent performance. Additionally, high institutional holdings suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Eicher Motors has outperformed the Sensex, which has declined by 0.51% over the past week, while Eicher Motors has gained. The stock's year-to-date return of +17.71% significantly exceeds the Sensex's +3.15%, highlighting its strong market position. Furthermore, Eicher Motors has consistently outperformed the BSE500 over various time frames, reinforcing its status as a market leader in the sector. Overall, the combination of strong fundamentals, positive investor sentiment, and favorable market conditions has contributed to the stock's rising price.