Why is Eicher Motors falling/rising?

As of 02-Sep, Eicher Motors Ltd's stock price is rising, currently at Rs. 6,342.00, reflecting an increase of 59.95 (0.95%). The stock has recently hit a new 52-week high of Rs. 6,389.1 and has gained 4.27% over the past two days. It is trading above all its moving averages, indicating strong upward momentum. Additionally, the stock has shown impressive performance with a 14.75% increase over the past month and a 31.43% rise year-to-date, significantly outperforming the Sensex, which has seen a decline of 0.55% in the same period. The company's low debt levels, strong long-term growth in net sales and operating profit, and high institutional holdings at 41.59% contribute positively to investor sentiment, further supporting the stock's upward movement.
In the broader market context, Eicher Motors has outperformed the benchmark indices, with a 3.10% gain over the past week compared to a 0.78% decline in the Sensex. This trend of strong performance is consistent over longer periods, as evidenced by its 85.34% increase over the past three years, compared to a 36.32% rise in the benchmark. The stock's liquidity, demonstrated by a 26.21% increase in delivery volume, also suggests robust investor interest. However, it is important to note that the company has faced some risks, including flat results in June and a relatively high valuation, which could temper future growth expectations. Nonetheless, the overall positive factors currently outweigh the negatives, contributing to the stock's rising trajectory.