Why is TVS Holdings falling/rising?

As of 07-Aug, TVS Holdings Ltd is currently priced at 11,343.60, reflecting a decline of 180.5 points or 1.57%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 5.52%. Today's performance indicates that it underperformed its sector by 0.96%, and it reached an intraday low of Rs 11,149.1, which is a decrease of 3.25%. In terms of returns, the stock has shown a slight decline of 0.83% over the past week, but it has gained 4.15% over the past month. Despite a year-to-date increase of 6.75%, the stock has experienced a significant drop of 14.55% over the past year. Positive factors include a robust growth in net profit of 37.44% and consistent positive results over the last seven quarters, but the increase in pledged promoter shares to 23.06% raises concerns about ownership stability.
In the broader market context, the stock's recent short-term performance has been slightly worse than the benchmark Sensex, which declined by 0.69% over the same week. While TVS Holdings has outperformed the Sensex over the past month and year-to-date, its one-year return is notably negative compared to the Sensex's positive return of 1.45%. The stock's liquidity remains adequate, but a decrease in delivery volume by 30% against the five-day average suggests waning investor interest. Overall, while the company shows strong financial performance, the recent price decline may be attributed to market sentiment influenced by the increase in pledged shares and the stock's recent underperformance relative to both its sector and the broader market.