Why is Eicher Motors falling/rising?

As of 01-Sep, Eicher Motors Ltd is experiencing a price increase, currently at Rs. 6,282.05, reflecting a rise of 200.05 or 3.29%. The stock has reached a new 52-week high of Rs. 6,289.7 today and has shown a positive trend after two consecutive days of decline. Over the past week, Eicher Motors has outperformed the Sensex, gaining 4.69% compared to the benchmark's drop of 1.56%. The company's strong fundamentals, characterized by low debt and robust long-term growth, have contributed to its recent performance, alongside high institutional holdings which indicate confidence from knowledgeable investors. However, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume.
Broader Market Context: In the context of the broader market, Eicher Motors has demonstrated strong performance relative to the Sensex, with a year-to-date return of 30.18% compared to the Sensex's 2.85%. The automobile sector, particularly the two and three-wheelers segment, has also seen gains, which aligns with Eicher's performance. Despite some risks, such as a flat result in June and a high valuation, the company's ability to generate substantial returns over the past year and its position as a major player in the sector contribute to its rising stock price.