Why is TVS Motor Co. falling/rising?

As of 20-Aug, TVS Motor Company Ltd's stock price is currently at 3,231.60, reflecting a decrease of 19.55 points, or 0.6%. The stock has recently hit a new 52-week high of Rs. 3274.7 but has underperformed its sector by 0.63%. Following two consecutive days of gains, the stock is experiencing a trend reversal. Despite this short-term decline, the stock has shown strong performance over various periods, with a 7.01% increase over the past week and a remarkable 236.84% rise over the last three years. However, there is a noted decrease in investor participation, with delivery volume falling by 15.7% against the five-day average, which may contribute to the current price drop.
In the broader market context, TVS Motor Company has outperformed the Sensex, which has only increased by 1.64% over the past week, while TVS has gained 7.01%. The company's strong fundamentals, such as a high return on capital employed (ROCE) of 19.66% and consistent growth in net sales and operating profit, support its long-term growth potential. However, the stock faces risks due to a high Debt to EBITDA ratio of 3.21 times, indicating a low ability to service debt, and an expensive valuation relative to its peers. Despite these concerns, the high institutional holdings at 41.23% suggest that knowledgeable investors continue to support the stock, which may help mitigate some of the negative impacts of the recent price decline.