Why is TVS Holdings falling/rising?

As of 15-Jul, TVS Holdings Ltd is experiencing a rise in its stock price, currently at 12,000.05, reflecting an increase of 595.95 or 5.23%. Today's price summary indicates that the stock has outperformed its sector by 3.57% and has gained consecutively over the last three days, accumulating a total return of 10.03% during this period. Despite opening with a loss of 4.86%, the stock reached an intraday high of Rs 12,230, showcasing significant volatility with a trading range of Rs 1,380. Additionally, the stock has been performing well against its moving averages and has seen a notable increase in investor participation, with delivery volume rising by 278.13% compared to the five-day average. The company has also reported positive financial results for the last six consecutive quarters, with strong cash reserves and a low debt-equity ratio, contributing to its attractive valuation.
In the broader market context, TVS Holdings has outperformed the Sensex in the short term, with a one-week return of 9.30% compared to the benchmark's decline of 1.36%. Year-to-date, the stock has risen by 12.93%, while the Sensex has gained only 5.67%. This strong performance is further supported by the company's rising profits, which have increased by 31.4% over the past year, despite the stock's overall decline of 7.21% during that same period. The favorable PEG ratio of 0.7 indicates that the stock is trading at a discount relative to its peers, reinforcing investor confidence and contributing to the recent upward movement in its price.