Why is Eicher Motors falling/rising?

As of 24-Sep, Eicher Motors Ltd is experiencing a price increase, with its current price at Rs 7,010.35, reflecting a rise of 21.85 (0.31%). The stock has shown strong performance recently, gaining 1.61% over the past week and 18.20% over the last month, significantly outperforming the Sensex, which has only increased by 0.50% in the same period. Today's price summary indicates that Eicher Motors is trading close to its 52-week high, just 1.62% away, and has outperformed its sector by 1.46%. The stock has been on a consecutive gain for the last two days, with a total return of 0.94%. Additionally, rising investor participation is evident, as the delivery volume has increased by 17.89% against the 5-day average, and the stock is trading above all its moving averages, indicating positive momentum. The company's strong fundamentals, including low debt and high profitability, along with high institutional holdings, further support the stock's upward movement.
In the broader market context, Eicher Motors has outperformed the benchmark significantly, with a year-to-date return of 45.28% compared to the Sensex's 4.58%. This strong performance is indicative of the company's robust growth potential and market confidence, especially given its position as the second-largest company in its sector. However, it is important to note that the company has faced some risks, including flat results in June and a high valuation relative to its peers, which could impact future performance. Despite these concerns, the overall market sentiment remains positive, contributing to the stock's rising trend.