Why is Eicher Motors falling/rising?

As of 12-Sep, Eicher Motors Ltd is experiencing a price increase, with its current price at Rs 6,874.80, reflecting a rise of Rs 116.65 or 1.73%. The stock has shown strong performance today, outperforming its sector by 1.84% and is close to its 52-week high, just 0.98% away from Rs 6,942.45. Over the past week, the stock has gained 4.46%, and it has demonstrated impressive returns over the past month and year, with increases of 21.54% and 41.02%, respectively. The company benefits from strong fundamentals, including a low debt-to-equity ratio and a high return on equity, which contribute to its attractiveness to investors. However, there is a noted decline in investor participation, as evidenced by a 2.4% drop in delivery volume compared to the 5-day average.
Broader market context indicates that Eicher Motors has significantly outperformed the benchmark, with a 1-week return of 4.46% compared to the Sensex's 1.48%. This trend of outperforming the market is consistent over longer periods, as the stock has outperformed the BSE500 in the last three years, one year, and three months. The high institutional holdings at 41.59% suggest confidence from more sophisticated investors, which can further drive demand for the stock. Despite some concerns regarding its valuation and a flat performance in June, the overall positive sentiment and strong long-term growth prospects appear to be supporting the stock's upward movement.