Why is TVS Holdings falling/rising?

As of 21-Jul, TVS Holdings Ltd is experiencing a decline in its stock price, currently at 12,000.00, reflecting a decrease of 320.0 or 2.6%. Today's price summary indicates that the stock has underperformed its sector by 2.28% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 11,975. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 5.23% and 9.09%, respectively. The company has consistently reported positive results for the last six quarters, boasting the highest cash and cash equivalents and a low debt-equity ratio, which suggests strong financial health. However, the stock's recent price movement may be influenced by a significant drop in investor participation, as evidenced by a 40.33% decrease in delivery volume compared to the five-day average.
In the broader market context, TVS Holdings has outperformed the Sensex over the past week and month, while year-to-date, it has generated a return of 12.93% compared to the Sensex's 5.20%. Despite the current decline, the stock's long-term performance remains robust, with a three-year return of 169.49% against the Sensex's 47.62%. This indicates that while the stock is facing short-term challenges, its overall trajectory has been positive, supported by strong fundamentals and attractive valuations relative to peers.