Why is Maruti Suzuki falling/rising?

As of 05-Sep, Maruti Suzuki India Ltd's stock price is rising, currently at 14,904.50, reflecting an increase of 248.85 or 1.7%. The stock is trading close to its 52-week high, just 2.99% away from Rs 15,349.85, and is performing in line with its sector. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has shown a substantial return of 19.00%, significantly outperforming the Sensex, which remained flat at 0.00%. Additionally, the stock has experienced a rise in investor participation, with delivery volume increasing by 11.32% compared to the 5-day average, indicating strong market interest.
In the broader market context, Maruti Suzuki's recent performance has been impressive, especially when compared to the benchmark, as it has outperformed the Sensex over various periods, including a 37.19% year-to-date return versus the Sensex's 3.29%. The company benefits from a low debt-to-equity ratio and strong long-term growth, with net sales growing at an annual rate of 21.00%. Despite a slight decline in profits over the past year, the stock remains attractively valued with a price-to-book ratio of 4.9, supported by high institutional holdings at 38.54%. This combination of factors contributes to the stock's upward momentum in the market.