Why is TVS Holdings falling/rising?

As of 22-Jul, TVS Holdings Ltd is experiencing a price increase, with the current price at Rs 12,120.10, reflecting a rise of Rs 120.1 or 1.0%. The stock has outperformed its sector today by 2.06%, reaching an intraday high of Rs 12,266.75, which is a 2.22% increase. Over the past week, the stock has gained 1.00%, and it has shown significant gains over the past month with a 10.18% increase. Despite a year-over-year decline of 5.01%, the company has reported positive results for the last six consecutive quarters, with a notable increase in profits by 31.4%. The stock is currently trading at a discount compared to its peers, supported by strong financial metrics such as a high cash position and a low debt-equity ratio, which contribute to its attractive valuation.
In the broader market context, TVS Holdings has outperformed the Sensex, which has declined by 0.47% over the past week. The stock's year-to-date return of 14.06% also surpasses the Sensex's 5.18% gain, indicating strong relative performance. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 71.68% against the five-day average, which could be a concern for future trading activity. Overall, while the stock is currently rising due to positive financial indicators and strong short-term performance, the decline in trading volume may warrant caution moving forward.