Why is TVS Holdings falling/rising?

As of 30-Jul, TVS Holdings Ltd is currently priced at 11,647.10, reflecting a decrease of 28.45 points or 0.24%. The stock's performance today is in line with its sector, although it has shown a significant decline in delivery volume, which fell by 57.92% against the 5-day average. Over the past week, the stock has decreased by 5.88%, while it has performed better over the past month with a gain of 5.89%. Despite a year-to-date increase of 9.61%, the stock has underperformed over the last year with a return of -15.88%. Positive factors include consistent financial performance with six consecutive quarters of positive results, a strong cash position, and an attractive valuation relative to peers. However, the increase in pledged promoter shares to 23.06% raises concerns about potential control issues.
In the broader market context, the Sensex has declined by 1.50% over the past week, indicating that the stock's short-term decline is more pronounced than the benchmark. While TVS Holdings has outperformed the Sensex over the last month, the overall trend shows a struggle against broader market conditions, particularly given the negative sentiment reflected in the stock's year-over-year performance. The combination of falling investor participation and increased pledged shares suggests caution among investors, which may be contributing to the stock's current downward movement.