Why is Eicher Motors falling/rising?

As of 04-Sep, Eicher Motors Ltd is experiencing a price increase, currently at Rs 6,435.00, reflecting a rise of 87.05 or 1.37%. The stock has shown strong performance recently, gaining 5.8% over the last four days and reaching a new 52-week high of Rs 6,707.7 today. It has outperformed its sector by 1.08% and is trading above all key moving averages, indicating positive momentum. The company benefits from strong fundamentals, including a low debt-to-equity ratio and a robust return on equity, which contribute to its attractiveness to investors. However, there is a noted decline in delivery volume, which fell by 18.35% against the five-day average, suggesting a potential concern regarding investor participation.
In the broader market context, Eicher Motors has significantly outperformed the Sensex, with a one-week return of 4.81% compared to the benchmark's 0.80%, and a year-to-date return of 33.35% against the Sensex's 3.30%. This strong relative performance underscores the company's market position and investor confidence. Despite some risks, such as a flat performance in June and a high valuation indicated by its price-to-book ratio, the overall market sentiment remains positive, bolstered by high institutional holdings and consistent long-term growth.