Why is Asahi India Glas falling/rising?

As of 08-Jul, Asahi India Glass Ltd is experiencing a slight decline in its stock price, currently at Rs 814.50, reflecting a decrease of -1.1 (-0.13%). The stock has been under pressure recently, having fallen for the last two consecutive days, resulting in a total decline of -3.38% during this period. Despite this recent downturn, the stock has shown strong performance over the past year, generating a return of 21.16%, significantly outperforming the broader market's return of 4.69%. Additionally, the stock is currently close to its 52-week high, just 4.97% away, and has outperformed its sector by 0.31% today. However, there has been a notable decrease in investor participation, with delivery volume dropping by -69.37% compared to the 5-day average, which may be contributing to the recent price decline.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, with a 1-week return of +0.97% against a mere +0.02% for the Sensex. This indicates that while the stock is currently facing a slight decline, it has been able to maintain a positive trajectory over the longer term. As the largest company in its sector, Asahi India Glass Ltd holds a significant market share, constituting 53.35% of the industry, which underscores its market-beating performance. The presence of majority shareholders, the promoters, further stabilizes the stock, suggesting that despite the recent price movements, the fundamentals remain strong, supporting a hold recommendation for investors.