Why is M & M falling/rising?

As of 22-Aug, Mahindra & Mahindra Ltd's stock price is rising, currently at 3,400.00, reflecting an increase of 26.8 or 0.79%. The stock is trading close to its 52-week high, just 0.88% away from Rs 3,430, and has outperformed its sector by 0.45% today. Over the past week, the stock has gained 4.12%, while its one-month return stands at 4.33%. The company has shown strong financial performance, with net sales and operating profit reaching record highs, and it has consistently declared positive results for the last three quarters. Additionally, the stock is trading above all key moving averages, indicating a bullish trend, although there has been a notable decline in investor participation, with delivery volume dropping by 33.85% against the five-day average.
In the broader market context, Mahindra & Mahindra's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.88% over the same week. The stock's year-to-date return of 12.99% also surpasses the Sensex's 4.05%. The company's strong fundamentals, including a robust return on capital employed and high institutional holdings at 68.21%, suggest that it is well-positioned compared to its peers. Furthermore, the stock's attractive valuation relative to historical averages and its consistent returns over the past three years contribute to its positive momentum in the market.