Why is Hero MotoCorp falling/rising?

As of 03-Sep, Hero MotoCorp Ltd. is experiencing a price increase, currently at 5,348.80, reflecting a rise of 37.75 or 0.71%. The stock has shown strong performance recently, gaining 7.02% over the last seven days and outperforming the Sensex, which has declined by 0.27% over the same period. Additionally, Hero MotoCorp is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a significant drop in delivery volume by 50.43% compared to the 5-day average, the company maintains a high dividend yield of 3.1% and demonstrates strong long-term fundamentals, including a low debt-to-equity ratio and impressive return on capital employed.
In the broader market context, while the Sensex has shown a slight decline of 0.04% over the past month, Hero MotoCorp has surged by 24.03%, highlighting its strong relative performance. The company's robust fundamentals, including a healthy annual growth rate in net sales and operating profit, contribute to its attractiveness as an investment. Furthermore, high institutional holdings at 54.88% suggest confidence from larger investors, which can positively influence market perception. Overall, the combination of strong financial metrics and positive investor sentiment has propelled Hero MotoCorp's stock price upward, despite some recent declines in trading volume.