Why is Asahi India Glas falling/rising?

As of 29-Jul, Asahi India Glass Ltd is currently priced at 830.60, reflecting a slight increase of 1.1 (0.13%). The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent drop, the stock has performed well over the past month, with a return of +12.86%, significantly outpacing the Sensex, which has declined by -3.24% in the same period. However, investor participation has been falling, as indicated by a 20.02% decrease in delivery volume compared to the five-day average. The stock remains liquid enough for trading, and its strong market position is underscored by its status as the largest company in its sector, holding a market cap of Rs 20,164 crore and accounting for 51.64% of the industry.
In the broader market context, while the stock has outperformed the benchmark over the past year with a return of +22.81% compared to the Sensex's -0.02%, it has underperformed in the short term relative to the benchmark, with a one-week return of -1.27% versus the Sensex's -1.03%. This indicates that while the stock has shown resilience and strong long-term performance, recent short-term trends have been less favorable. The majority ownership by promoters and the company's significant sales relative to the industry suggest a stable foundation, but the drop in investor participation may be a concern for future price movements.