Why is TVS Holdings falling/rising?

As of 18-Jul, TVS Holdings Ltd is experiencing a price increase, with its current price at Rs 12,320.00, reflecting a rise of Rs 319.9 or 2.67%. The stock has shown strong performance today, outperforming its sector by 3.76% and has been on a consecutive gain for the last two days, accumulating a total return of 3.26% during this period. Additionally, the stock has reached an intraday high of Rs 12,446, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported positive results for the last six consecutive quarters, with significant cash reserves and a low debt-equity ratio, contributing to a favorable valuation compared to its peers. In the broader market context, TVS Holdings has outperformed the Sensex significantly over the past week, with a return of +9.70% compared to the benchmark's -0.90%. Over the past month, the stock has risen by +16.88%, while the Sensex has only increased by +0.38%. This strong performance is supported by rising investor participation, as indicated by a 47.08% increase in delivery volume. Despite a year-over-year return of -5.22%, the company's profits have increased by 31.4%, and its PEG ratio of 0.7 suggests that the stock is undervalued relative to its growth prospects.