Why is TVS Motor Co. falling/rising?

As of 01-Jul, TVS Motor Company Ltd is experiencing a decline in its stock price, currently at 2,892.10, which reflects a decrease of 29.65 points or 1.01%. The stock has underperformed its sector by 1.15% today and has seen consecutive falls over the last two days, resulting in a total decline of 1.58%. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date return of 22.11% and a remarkable 234.89% increase over the past three years. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.67% and has consistently reported positive results for six consecutive quarters, which supports its long-term growth narrative.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 2.00% over the past week, while TVS Motor Co. gained only 1.84%. This underperformance may be contributing to the recent price decline. Additionally, while the company has a high institutional holding of 41.21%, indicating strong investor confidence, it also faces risks such as a high Debt to EBITDA ratio of 3.20 times, which raises concerns about its ability to service debt. Despite these challenges, the stock remains liquid and is trading above its moving averages, suggesting that investor interest may still be present, albeit tempered by the recent price movements.