Why is TVS Motor Co. falling/rising?

As of 04-Sep, TVS Motor Company Ltd's stock price is rising, currently at 3,433.30, reflecting an increase of 33.2 points or 0.98%. The stock has recently outperformed its sector by 0.69% and has been on a positive trajectory, gaining 5.55% over the past week. Notably, it reached a new 52-week high of Rs 3543.05 today, opening with a gain of 4.2%. The company has demonstrated 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 are concerns regarding its high Debt to EBITDA ratio of 3.21 times, which indicates a low ability to service debt, potentially impacting investor sentiment.
In the broader market context, TVS Motor Company has significantly outperformed the Sensex, with a year-to-date return of 44.96% compared to the benchmark's 3.30%. This strong performance is further emphasized by the company's consistent returns over the last three years, where it has outperformed the BSE500 in each of the last three annual periods. Despite a recent decline in delivery volume, which fell by 8.94% against the five-day average, the stock remains liquid enough for trading, suggesting continued investor interest. Overall, the combination of strong financial performance and favorable market conditions has contributed to the stock's upward movement.