Why is TVS Motor Co. falling/rising?

As of 30-Jun, TVS Motor Company Ltd is experiencing a decline in its stock price, currently at 2,921.75, which reflects a decrease of 16.65 points or 0.57%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 5.00% and 3.61%, respectively. The stock reached a new 52-week high of Rs. 2960.9 earlier today, indicating a strong upward trend prior to this decline. However, the stock has fallen after four consecutive days of gains, which may suggest a natural correction. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.67% and consistent positive results over the last six quarters, contributing to a healthy long-term growth outlook. Nonetheless, the high Debt to EBITDA ratio of 3.20 times poses a risk, potentially affecting investor sentiment.
In the broader market context, TVS Motor Company has outperformed the Sensex, with a year-to-date return of 23.36% compared to the benchmark's 7.00%. This strong performance indicates that the stock has been favored by investors relative to the overall market. However, the recent price decline may reflect a temporary market adjustment after a period of significant gains. The rising investor participation, evidenced by a 207.97% increase in delivery volume, suggests continued interest in the stock, which may help mitigate the impact of the recent price drop. Overall, while the stock has shown resilience and strong returns, the current decline could be a short-term reaction to profit-taking after a robust performance.