Why is TVS Motor Co. falling/rising?

As of 03-Sep, TVS Motor Company Ltd is experiencing a price increase, currently at 3,400.10, reflecting a rise of 32.05 (0.95%). The stock has been gaining momentum, with a consecutive gain over the last four days, resulting in a total return of 4.53% during this period. It has also reached a new 52-week high of Rs. 3413.55 today. In terms of performance, the stock has shown strong returns over various periods, including an 18.93% increase over the past month and a remarkable 231.41% rise over the last three years. Positive factors contributing to this upward movement include high management efficiency, consistent positive results over the last seven quarters, and strong institutional holdings at 41.23%. However, the company faces risks such as a high Debt to EBITDA ratio of 3.21 times, which may affect its ability to service debt.
In the broader market context, TVS Motor Company has outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, while TVS Motor's stock has increased by 3.57% in the same timeframe. This trend of outperformance is consistent with its year-to-date return of 43.56%, compared to the Sensex's 3.11%. The stock's strong performance relative to the benchmark indicates robust investor confidence, despite a noted decrease in delivery volume, which fell by 37.06% against the five-day average. Overall, the combination of strong financial performance, positive market sentiment, and effective management appears to be driving the stock's recent rise.