Why is TVS Motor Co. falling/rising?

As of 29-Aug, TVS Motor Company Ltd is experiencing a price increase, currently at 3,282.90, reflecting a change of 30.15 (0.93%) upward. The stock has shown a trend reversal after three consecutive days of decline and is now trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent drop in delivery volume, which fell by 42.36% against the 5-day average, the stock remains close to its 52-week high, just 1.54% away from Rs 3,333.5. Over the past month, TVS Motor has outperformed the Sensex, gaining 17.02% compared to the benchmark's decline of 1.88%. The company's strong fundamentals, including a high return on capital employed (ROCE) of 19.66% and consistent positive results over the last seven quarters, contribute to its upward momentum.
In the broader market context, while the stock has shown a positive return of 38.61% year-to-date, the Sensex has only increased by 2.14% in the same period, indicating a significant outperformance by TVS Motor. The stock's strong institutional holdings at 41.23% suggest confidence from knowledgeable investors, which may bolster its price. However, the company faces risks due to a high Debt to EBITDA ratio of 3.21 times, indicating potential challenges in servicing its debt. Despite this, the stock's valuation appears attractive compared to peers, as it trades at a discount to historical averages, which may further support its rising price in the current market environment.