Why is Asahi India Glas falling/rising?

As of 03-Jul, Asahi India Glass Ltd is experiencing a price increase, currently at Rs. 835.25, reflecting a change of 3.4 (0.41%) upwards. The stock has shown strong performance, gaining 20.67% over the last seven days and achieving a new 52-week high of Rs. 851.25 today. It is trading above all its moving averages, indicating a bullish trend. Additionally, the stock has outperformed the broader market, with a one-year return of 19.49%, significantly higher than the market's (BSE500) return of 2.20%. The company's strong market position, being the largest in its sector with a market cap of Rs. 20,221 crore and accounting for 53.91% of the industry, further supports its upward movement.
In the broader market context, while the Sensex has seen a slight decline of 0.62% over the past week, Asahi India Glass has surged by 16.39%, showcasing its resilience and investor confidence. The rising investor participation, evidenced by a 66.73% increase in delivery volume, indicates strong demand for the stock. This combination of robust performance metrics and favorable market conditions contributes to the stock's rising trajectory, distinguishing it from the overall market trends.