Why is Hero MotoCorp falling/rising?

As of 04-September, Hero MotoCorp Ltd. is experiencing a slight increase in its stock price, currently at Rs 5,352.00, reflecting a change of 3.2 points or 0.06% upward. The stock has shown a strong performance recently, gaining 7.09% over the last eight days and opening with a gain of 3.57% today, reaching an intraday high of Rs 5,539.6. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a decline in delivery volume by 45.88% compared to the 5-day average, the company maintains a high dividend yield of 3.09% and has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and a high return on capital employed. The stock's performance over the past month has been particularly notable, with an 18.03% increase, contrasting with the Sensex's decline of 0.37%.
In the broader market context, Hero MotoCorp's short-term return of 5.13% over the past week significantly outperforms the Sensex, which has only increased by 0.80% during the same period. This divergence suggests that investor sentiment towards Hero MotoCorp is particularly strong, likely bolstered by its robust financial performance and high institutional holdings of 54.88%. The company's ability to generate a return on equity of 22.7% and its attractive valuation compared to peers further enhance its appeal to investors. Overall, the combination of strong fundamentals, positive recent performance, and favorable market conditions contributes to the stock's upward movement.