Why is TVS Motor Co. falling/rising?

As of 04-Aug, TVS Motor Company Ltd is experiencing a rise in its stock price, currently at 2,941.80, reflecting an increase of 83.6 points or 2.92%. The stock has shown strong performance today, outperforming its sector by 0.41% and achieving a new 52-week high of Rs. 2967. Over the past three days, the stock has gained 5.4%, and it is trading above all its moving averages, indicating a positive trend. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.66%, and it has reported positive results for the last seven consecutive quarters, contributing to a healthy long-term growth outlook with net sales growing at an annual rate of 23.92%.
In the broader market context, TVS Motor Company has outperformed the Sensex significantly over various periods, including a 4.98% increase over the past week compared to a mere 0.16% rise in the benchmark. The stock has also shown impressive returns year-to-date, with a 24.21% increase against the Sensex's 3.69%. This strong performance is further supported by rising investor participation, as evidenced by a 168.02% increase in delivery volume on August 1, indicating heightened interest and liquidity in the stock. Overall, the combination of consistent returns, strong financial performance, and positive market sentiment has contributed to the stock's upward movement.