Why is TVS Motor Co. falling/rising?

As of 13-Aug, TVS Motor Company Ltd's stock price is rising, currently at 3,019.85, reflecting an increase of 59.85 or 2.02%. The stock recently hit a new 52-week high of Rs 3,043.65 and has outperformed its sector by 0.71%. In the past week, the stock has gained 2.29%, and over the past month, it has increased by 9.63%. The company has demonstrated strong performance with consistent positive results over the last seven quarters, including a high return on capital employed (ROCE) of 19.66% and significant growth in net sales and operating profit. However, there is a noted decline in investor participation, with delivery volume falling by 28.72% against the five-day average, which may raise concerns about future trading activity.
Broader market context indicates that while TVS Motor Company has shown robust returns, the benchmark Sensex has remained flat, with a negligible change of -0.01% over the past week. This contrast highlights the stock's strong performance relative to the broader market, especially given its year-to-date return of 27.51% compared to the Sensex's 3.07%. The high institutional holdings at 41.23% suggest confidence from larger investors, which may contribute to the stock's upward momentum despite its high debt-to-EBITDA ratio indicating some risk. Overall, the combination of strong financial performance and favorable market positioning has supported the stock's rise.