Why is Asahi India Glas falling/rising?

As of 22-Jul, Asahi India Glass Ltd's stock price is currently at Rs 841.25, reflecting an increase of Rs 5.3, or 0.63%. The stock has shown a positive trend recently, gaining after two consecutive days of decline. It is currently 4.14% away from its 52-week high of Rs 876.1. Over the past year, the stock has performed exceptionally well, with a return of 30.71%, significantly outperforming the broader market, which has only seen a return of 2.09%. However, there has been a notable decrease in investor participation, with delivery volume falling by 59.9% compared to the 5-day average, which may indicate a potential concern for future price stability.
In the broader market context, Asahi India Glass Ltd has outperformed the benchmark index, Sensex, over various periods, including a 1-month return of 18.14% compared to the benchmark's -0.27%. This strong performance is bolstered by the company's substantial market capitalization of Rs 20,321 crore, making it the largest player in its sector and accounting for over half of the industry's sales. Despite the recent drop in trading volume, the stock remains liquid enough for trading, suggesting that while there may be short-term fluctuations, the overall market position and performance of Asahi India Glass Ltd remain robust.