Why is TVS Holdings falling/rising?

As of 08-Aug, TVS Holdings Ltd is experiencing a decline in its stock price, currently at Rs 11,263.55, reflecting a decrease of -80.05 (-0.71%). The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of -6.18% during this period. Despite this, the stock outperformed its sector by 0.69% today. Over the past week, TVS Holdings has seen a return of -3.36%, while it has performed better over the past month with a return of +2.59%. The company has shown strong financial results, including a 37.44% growth in net profit and positive results for the last seven quarters. However, the increase in pledged promoter shares to 23.06% raises concerns among investors, potentially contributing to the stock's recent decline.
In the broader market context, the Sensex has also experienced a slight decline of -0.92% over the past week, indicating that the market sentiment is generally negative. However, TVS Holdings' performance over the year shows a significant underperformance with a return of -16.01%, contrasting with the Sensex's modest gain of +1.23%. This discrepancy highlights the challenges the company faces despite its strong financial metrics, as investor sentiment may be influenced by the rising pledged shares and recent price movements. Overall, while the company has demonstrated solid operational performance, the stock's recent decline suggests that investor confidence may be wavering amidst these concerns.