Why is M & M falling/rising?

As of 08-Sep, Mahindra & Mahindra Ltd's stock price is rising, currently at 3,702.60, reflecting an increase of 141.05 or 3.96%. The stock has recently hit a new 52-week high of Rs.3713 and has outperformed its sector by 0.61%. Over the past four days, it has gained 14.5%, and its performance over the last week shows a return of 11.69%, significantly higher than the Sensex's 0.53% increase. The company has demonstrated strong fundamentals, with net sales and operating profit growing substantially, and it has reported positive results for the last three consecutive quarters. Additionally, high institutional holdings at 68.21% indicate strong investor confidence in the company's prospects.
In the broader market context, while the Sensex has only increased by 0.53% over the past week, Mahindra & Mahindra's impressive short-term return of 11.69% highlights its strong performance relative to the benchmark. The automobile sector, particularly passenger cars, has also seen a gain of 3.36%, contributing to the favorable environment for M & M. Despite a slight decline in delivery volume, the stock remains liquid and is trading above all key moving averages, reinforcing its upward momentum. Overall, the combination of strong financial results, positive market sentiment, and robust institutional support has contributed to the stock's rising price.