Why is Asahi India Glas falling/rising?

As of 02-Jul, Asahi India Glass Ltd is experiencing a price increase, currently at Rs. 831.85, which reflects a rise of Rs. 25.15 or 3.12%. The stock has recently hit a new 52-week and all-time high of Rs. 842, demonstrating strong performance with a 20.18% return over the last six days. Additionally, it has outperformed its sector by 0.8% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company, which holds a significant market cap of Rs. 19,610 crore and accounts for over half of the glass sector, has generated a return of 21.98% over the past year, significantly outperforming the broader market.
In the broader market context, Asahi India Glass has shown a remarkable short-term return of 19.04% over the past week, compared to the Sensex's modest gain of 0.79%. This strong performance is supported by rising investor participation, with delivery volumes increasing by 459.74% against the 5-day average, indicating heightened interest in the stock. The glass sector itself has gained 2.32%, contributing to the positive sentiment surrounding Asahi India Glass. Overall, the combination of strong stock performance, significant market presence, and increased trading activity suggests a favorable outlook for the company amidst a relatively stable market environment.