Why is TVS Holdings falling/rising?

As of 13-Aug, TVS Holdings Ltd is experiencing a price increase, currently at 11,541.00, reflecting a rise of 430.0 or 3.87%. Today's price summary indicates that the stock has outperformed its sector by 2.25% and has shown a trend reversal after six consecutive days of decline. The stock reached an intraday high of Rs 11,900, marking a 7.1% increase. Over the past week, TVS Holdings has seen a modest return of +0.15%, while its performance over the last month stands at +2.76%. Despite a year-over-year decline of -12.98%, the company has reported strong financial results, including a 37.44% growth in net profit and positive results for the last seven quarters, which have likely contributed to the recent upward movement in stock price.
In the broader market context, the Sensex has shown a slight decline of -0.01% over the past week and a more significant drop of -2.38% over the past month, indicating that TVS Holdings' recent performance is relatively strong compared to the overall market. The stock's attractive valuation, with a PEG ratio of 0.4 and a return on capital employed (ROCE) of 18.3, suggests that it is trading at a discount compared to its peers, which may attract investor interest. However, the increase in pledged promoter shares to 23.06% could raise concerns among investors. Overall, the combination of positive financial results and a favorable comparison to the benchmark has likely supported the stock's recent rise.