Why is M & M falling/rising?

As of 21-Aug, Mahindra & Mahindra Ltd's stock price is currently at 3,373.20, reflecting a decrease of 12.95 points or 0.38%. Despite this decline, the stock has shown strong performance over various periods, with a 1-week return of 3.30% and a year-to-date return of 12.10%. The stock is trading above its moving averages across multiple time frames, indicating a generally positive trend. Additionally, the company has reported healthy growth in net sales and operating profit, with a net profit increase of 25.66% and positive results for the last three consecutive quarters. High institutional holdings at 68.21% suggest confidence from larger investors, further supporting the stock's valuation.
In the broader market context, while Mahindra & Mahindra's stock has experienced a slight decline today, it has outperformed the Sensex over the past week, which has only risen by 1.74%. The stock's long-term performance is also noteworthy, with a 3-year return of 172.22% compared to the benchmark's 37.48%. This consistent outperformance, coupled with attractive valuations and strong fundamentals, positions the stock favorably despite the current price drop. Overall, the recent price movement appears to be a minor fluctuation in the context of its strong historical performance and positive growth indicators.