Why is TVS Holdings falling/rising?

As of 24-Sep, TVS Holdings Ltd is experiencing a decline in its stock price, currently at 12,950.00, which reflects a decrease of 126.55 or 0.97%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.67% during this period. Despite touching an intraday high of Rs 13,500 earlier in the day, the stock's performance has been impacted by lower delivery volumes, which have decreased by 37.25% compared to the five-day average. Over the past week, the stock has underperformed with a return of -2.41%, while it has shown a more favorable performance over the past month with a gain of 7.50%. However, the stock's year-to-date return remains strong at 21.87%, contrasting with a one-year decline of 11.71%.
In the broader market context, the Sensex has also faced a slight decline of 1.18% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. While TVS Holdings has reported positive financial results, including a 37.44% growth in net profit and consistent positive results over the last seven quarters, the increase in pledged promoter shares to 23.06% raises concerns among investors. This combination of strong financial performance and rising pledge levels may contribute to the stock's recent volatility. Overall, while the company shows attractive valuation metrics and growth potential, the recent price movement reflects investor caution amid declining participation and market sentiment.