Why is TVS Holdings falling/rising?

As of 17-Jul, TVS Holdings Ltd is experiencing a price increase, currently at 12,000.10, reflecting a rise of 69.05 or 0.58%. The stock has shown strong performance today, outperforming its sector by 0.39% and opening with a gain of 2.32%. It reached an intraday high of Rs 12,244.4, marking a 2.63% increase. Over the past week, the stock has risen by 10.03%, and over the past month, it has increased by 11.11%. The company has reported positive results for the last six consecutive quarters, with cash and cash equivalents at their highest and a low debt-equity ratio, contributing to an attractive valuation. Despite a -6.94% return over the past year, profits have increased by 31.4%, indicating strong underlying performance.
In the broader market context, the Sensex has decreased by 1.12% over the past week, while TVS Holdings has significantly outperformed this benchmark. The stock's year-to-date return of 12.93% also surpasses the Sensex's 5.27% increase. This strong performance relative to the market, combined with rising investor participation and favorable financial metrics, suggests that investor confidence in TVS Holdings is robust, contributing to its upward price movement.