Why is Asahi India Glas falling/rising?

As of 08-Aug, Asahi India Glass Ltd's stock price is rising, currently at Rs 842.00, reflecting an increase of Rs 9.85 or 1.18%. The stock has been performing well, gaining 3.00% over the past week and 3.38% over the past month, while also showing a significant year-to-date increase of 10.40%. Today's performance indicates that the stock is close to its 52-week high, just 4.05% away, and has outperformed its sector by 2.92%. Despite a recent decline in investor participation, with delivery volume falling by 29.3%, the stock remains liquid enough for trading. The company has demonstrated healthy long-term growth, with an annual operating profit increase of 30.79%, and has consistently outperformed the BSE500 over various time frames.
In the broader market context, Asahi India Glass Ltd's short-term performance contrasts positively with the benchmark, as the Sensex has declined by 0.92% over the past week. This outperformance highlights the stock's resilience in a challenging market environment. While the company has shown strong returns, it faces some negative factors, such as a significant drop in quarterly profit after tax and a high debt-equity ratio, which may raise concerns about its valuation. Nevertheless, its strong market position, accounting for over half of the industry sales, and its ability to generate substantial returns over the past year contribute to the stock's upward movement despite some underlying challenges.