Why is TVS Motor Co. falling/rising?

As of 08-Aug, TVS Motor Company Ltd is experiencing a decline in its stock price, currently at 2,960.50, reflecting a decrease of 53.25 points or 1.77%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 3.56% and 4.47%, respectively. The stock hit a new 52-week high of Rs. 3020 earlier today, indicating strong upward momentum in the past. However, it underperformed its sector by 1.13% today, and there has been a notable decrease in investor participation, with delivery volume falling by 34.29% compared to the 5-day average. The company has demonstrated high management efficiency and consistent growth in net sales and operating profit, contributing to its long-term attractiveness despite a high Debt to EBITDA ratio that raises concerns about its ability to service debt.
In the broader market context, TVS Motor's short-term performance contrasts with the Sensex, which has declined by 0.92% over the past week. While the stock has outperformed the benchmark in terms of returns over the past year and three years, the recent price drop may reflect broader market sentiments or profit-taking after reaching a new high. The stock's liquidity remains adequate for trading, but the decline in delivery volume suggests a potential shift in investor sentiment. Overall, while the company has shown strong fundamentals and consistent returns, the current price movement indicates a cautious approach from investors amid concerns regarding debt levels and market conditions.