Why is Hero MotoCorp falling/rising?

As of 18-Aug, Hero MotoCorp Ltd. is experiencing a price increase, currently at 4,983.85, reflecting a rise of 277.75 or 5.9%. The stock opened with a gain of 4.12% today and reached an intraday high of Rs 5115.85, outperforming its sector by 1.18%. Over the past week, the stock has risen by 9.27%, and in the last month, it has increased by 13.35%. The company benefits from strong fundamentals, including a low debt-to-equity ratio and a high return on capital employed, which contribute to its attractiveness as a strong buy. Additionally, the stock's high dividend yield of 3.51% and positive financial results, such as a record profit after tax and operating profit growth, support its upward movement.
In the broader market context, Hero MotoCorp's recent performance significantly outpaces the benchmark Sensex, which has only increased by 0.83% over the past week. The automobile sector as a whole has gained 4.78%, indicating a favorable environment for the company. Despite a decline in investor participation, with delivery volume falling by 61.16% against the 5-day average, the high institutional holdings at 54.88% suggest confidence from larger investors. Overall, the stock's strong fundamentals and positive market conditions contribute to its rising price.