Why is Asahi India Glas falling/rising?

As of 30-Jul, Asahi India Glass Ltd is experiencing a price increase, with its current price at Rs 849.70, reflecting a rise of Rs 19.1 or 2.3%. The stock has shown positive momentum, having gained 2.44% over the last two days and is currently trading close to its 52-week high, just 3.11% away from Rs 876.1. Despite a slight decline of 0.27% over the past week, the stock has outperformed the sector today by 0.71%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 33.47% compared to the 5-day average. The company has a strong market position, being the largest in its sector with a market cap of Rs 20,191 crore, and has generated a significant return of 25.70% over the past year, despite a backdrop of negative market performance.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. While Asahi India Glass has demonstrated strong year-to-date returns of 11.41%, the overall market has only returned 4.28% in the same period. This divergence highlights the stock's resilience amid a challenging market environment. However, the company faces challenges such as poor long-term growth indicators, with net sales and operating profit growth rates lagging behind expectations, and a high debt-equity ratio, which may impact investor sentiment moving forward.