Why is M & M falling/rising?

As of 05-Sep, Mahindra & Mahindra Ltd's stock price is rising, currently at 3,561.55, reflecting an increase of 81.3 or 2.34%. The stock has recently outperformed its sector by 0.7% and has been on a consecutive gain streak for the last three days, accumulating a total return of 10.14% during this period. Additionally, the stock reached a new 52-week high of Rs 3,578 today. The company has demonstrated strong financial performance, with net sales growing at an annual rate of 14.41% and a net profit increase of 25.66%. Positive results have been declared for the last three consecutive quarters, and the stock is trading at a discount compared to its peers, which has likely contributed to the recent upward movement.
In the broader market context, Mahindra & Mahindra's short-term performance over the past week shows a return of 11.36%, significantly outperforming the Sensex, which only gained 1.13%. This strong performance is indicative of the company's robust fundamentals and high institutional holdings at 68.21%, suggesting confidence from larger investors. The stock's consistent returns over the past three years, along with its high ratings from MarketsMojo, further bolster its appeal in the market. Overall, the combination of strong financial results, positive investor sentiment, and favorable comparisons to the benchmark has driven the stock's price upward.