Why is Asahi India Glas falling/rising?

As of 07-Aug, Asahi India Glass Ltd is experiencing a price increase, currently at 832.15, reflecting a rise of 6.3 or 0.76%. The stock has shown a mixed performance in the short term, with a 1-week decline of 0.70% but a positive 1-month return of 2.03%. Today's price summary indicates that the stock has outperformed its sector by 0.57%, although there is a notable decline in investor participation, with delivery volume falling by 33.77% compared to the 5-day average. Despite this, the company has demonstrated strong long-term growth, with an operating profit growth rate of 30.79% annually, and has significantly outperformed the broader market, generating a 29.56% return over the past year while the market (BSE500) has seen a negative return of 1.34%.
In the broader market context, Asahi India Glass Ltd's recent performance contrasts with the benchmark, as it has managed to achieve a positive return in a generally declining market. The stock's liquidity remains adequate, supporting trading activities, although its high debt-equity ratio and declining profit after tax (PAT) could raise concerns among investors. The company's valuation appears expensive relative to its return on capital employed (ROCE) and PEG ratio, suggesting that while the stock is trading at a discount compared to peers, its profitability growth has not kept pace with its stock price increase. Overall, the stock's rise can be attributed to its strong historical performance and market position, despite some underlying financial concerns.