Why is TVS Motor Co. falling/rising?

As of 17-Sep, TVS Motor Company Ltd is experiencing a slight decline in its stock price, currently at Rs 3,499.90, reflecting a change of -1.6 or -0.05%. The stock has traded in a narrow range of Rs 30.5 today and is 3.02% away from its 52-week high of Rs 3,605.55. Despite this minor drop, the stock has shown strong performance over the past month with a return of +15.84% and a year-to-date increase of +47.77%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.66%, and it has consistently reported positive results for the last seven quarters, contributing to a favorable long-term growth outlook. However, the company also faces risks, including a high debt-to-EBITDA ratio of 3.21 times, which may impact its ability to service debt.
In the broader market context, the stock's short-term performance of +0.18% over the past week is underperforming compared to the benchmark Sensex, which has risen by +1.56% during the same period. While TVS Motor has shown strong returns over the longer term, outperforming the BSE500 consistently over the last three years, its recent price movement indicates a potential consolidation phase amidst rising investor participation, as evidenced by a 7.2% increase in delivery volume. The stock's liquidity remains healthy, allowing for significant trading activity, but its current valuation appears expensive relative to its peers, which may be contributing to the recent price fluctuations.