Why is Asahi India Glas falling/rising?

As of 28-Jul, Asahi India Glass Ltd is experiencing a decline in its stock price, currently at 829.50, reflecting a decrease of 8.5 points or 1.01%. The stock has been losing value for the last three days, with a total drop of 2.64% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 21.19% increase over the past year, significantly outperforming the broader market, which has seen a slight decline of 0.54%. Additionally, the stock's performance over the last month is positive at 12.71%, while it remains above its longer-term moving averages, indicating a generally strong position despite the recent falls. However, there has been a notable decrease in investor participation, with delivery volume dropping by 12.86% compared to the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark index, the Sensex, which has declined by 1.59% over the past week. While the stock has been resilient in the face of a negative market environment, the overall market has generated negative returns of -2.52% in the last year, highlighting the stock's ability to outperform its peers. Asahi India Glass Ltd holds a significant position in its sector, constituting over half of the industry, which may provide some stability. However, the recent decline in trading volume and consecutive price falls suggest a cautious sentiment among investors, despite the company's strong fundamentals and market-beating performance.