Why is TVS Motor Co. falling/rising?

As of 11-Aug, TVS Motor Company Ltd is experiencing a price increase, currently at 2,984.65, with a change of 24.15 (0.82%) upward. The stock is trading close to its 52-week high, just 1.18% away from Rs 3,020, and has outperformed its sector by 0.58%. Over the past week, the stock has gained 1.46%, and in the last month, it has risen by 8.35%, significantly outperforming the Sensex, which has declined by 0.51% during the same period. The company has shown strong performance metrics, including a high return on capital employed (ROCE) of 19.66% and consistent growth in net sales and operating profit. However, there is a notable decline in investor participation, with delivery volume falling by 72.03% against the 5-day average, which may indicate some caution among investors.
In the broader market context, TVS Motor's recent performance stands in stark contrast to the Sensex, which has seen a decline of 0.51% over the past week. This divergence highlights the stock's resilience and strong fundamentals, particularly its consistent returns over the last three years and positive results for the last seven consecutive quarters. Despite the company's high debt to EBITDA ratio of 3.21 times, which poses a risk in terms of debt servicing, the high institutional holdings at 41.23% suggest confidence from more sophisticated investors. Overall, the combination of strong operational performance and market outperformance contributes to the stock's rising price, despite some underlying risks.