Why is Asahi India Glas falling/rising?

As of 15-Jul, Asahi India Glass Ltd's stock price is currently at Rs 840.30, reflecting a slight increase of 0.65 or 0.08%. The stock is trading close to its 52-week high, being only 2.82% away from Rs 864. Despite this positive price movement, the stock underperformed its sector by 0.65% today. Over the past week, the stock has shown a return of 3.17%, significantly outperforming the Sensex, which declined by 1.36%. Additionally, the stock has demonstrated strong performance over various periods, including a 29.28% increase over the past year, which is substantially higher than the market's return of 2.36%. The company is the largest in its sector, holding a market cap of Rs 20,411 crore and accounting for over half of the industry's annual sales. However, there has been a decline in investor participation, with delivery volume falling by 1.46% against the five-day average.
In the broader market context, Asahi India Glass Ltd's recent performance has been favorable compared to the benchmark, particularly in the short term, where it has outperformed the Sensex over the past week. The stock's strong returns over the last year and its position as a market leader contribute positively to investor sentiment. However, the decline in delivery volume may indicate a potential concern regarding liquidity and investor engagement. Overall, while the stock is experiencing a slight rise, the mixed signals from delivery volumes and sector performance suggest that investors should remain cautious.