Why is Eicher Motors falling/rising?

As of 21-Aug, Eicher Motors Ltd is experiencing a price increase, currently at 5,968.95, with a change of 30.6 (0.52%) upwards. The stock has shown strong performance, with a 3.63% increase over the past week and a 7.41% increase over the past month, significantly outperforming the Sensex, which has only risen by 1.74% and fallen by 0.24% respectively. Additionally, Eicher Motors is trading above all its moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 13.15% against the 5-day average. The company is recognized for its strong fundamentals, including low debt and high profitability, which contribute to its attractiveness as a buy.
In the broader market context, Eicher Motors has outperformed the benchmark indices over various time frames, including a 21.82% return over the past year compared to the Sensex's 1.35%. This consistent outperformance, combined with high institutional holdings at 41.59%, suggests that informed investors have confidence in the company's long-term prospects. Despite some concerns regarding flat results in June and a high valuation, the overall market sentiment remains positive, bolstered by the company's strong growth metrics and significant market capitalization within its sector.