Why is M & M falling/rising?

As of 14-Aug, Mahindra & Mahindra Ltd's stock price is currently at 3,265.50, reflecting a decrease of 17.15 points or 0.52%. The stock has recently hit a new 52-week high of Rs. 3305, but it has underperformed its sector by 0.63% today, following a trend reversal after three consecutive days of gains. Despite this decline, the stock has shown strong performance over various periods, with a 1-week return of 1.71%, a 1-month return of 5.65%, and an impressive year-to-date return of 8.52%. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 14.41% and a net profit growth of 25.66%, contributing to its strong buy rating. Additionally, high institutional holdings at 68.21% indicate confidence from sophisticated investors, which may support the stock's valuation.
In the broader market context, while Mahindra & Mahindra has experienced a slight decline today, it has outperformed the Sensex, which has shown a negligible change of -0.03% over the past week. The stock's performance over the last year has also been notable, generating returns of 18.92% compared to the Sensex's 1.89%. This consistent outperformance over the past three years, coupled with the company's strong financial results and attractive valuation metrics, suggests that the recent price movement may be a temporary fluctuation rather than a reflection of underlying weakness.