Why is TVS Motor Co. falling/rising?

As of 15-Jul, TVS Motor Company Ltd's stock price is rising, currently at 2,885.05, reflecting an increase of 80.05 or 2.85%. The stock has been gaining momentum, with a performance of 4.73% over the last two days and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. It is also close to its 52-week high, being only 2.63% away from Rs 2,960.9. The company has demonstrated strong financial health with a high return on capital employed (ROCE) of 19.67%, consistent growth in net sales and operating profit, and positive results over the last six quarters. However, it faces risks due to a high Debt to EBITDA ratio of 3.20 times, indicating a low ability to service debt, which could impact investor sentiment.
In the broader market context, TVS Motor's short-term return of 1.81% over the past week significantly outperforms the benchmark Sensex, which has declined by 1.36% during the same period. This outperformance is indicative of strong investor confidence in the stock, especially as the automobile sector has gained by 2.62%. The rising investor participation, evidenced by a 230.97% increase in delivery volume, further supports the stock's upward movement. Overall, the combination of positive company fundamentals and favorable market conditions has contributed to the stock's rise.