Why is Asahi India Glas falling/rising?

As of 14-Aug, Asahi India Glass Ltd is experiencing a price increase, currently at 835.60, reflecting a rise of 9.6 or 1.16%. The stock has shown a positive trend recently, gaining 2.53% over the last two days and is currently 4.85% away from its 52-week high of Rs 876.1. In terms of performance, the stock has outperformed the Sensex over the past year with a return of 35.87% compared to the benchmark's 1.89%. Additionally, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 30.79% annually, and it constitutes a significant portion of its sector, holding a market cap of Rs 20,079 cr.
In the broader market context, the stock's short-term return of +0.41% over the past week contrasts with the Sensex, which has seen a slight decline of -0.03%. This indicates that Asahi India Glass Ltd is performing well relative to the market. However, there are some concerns, such as a significant drop in profit before tax and profit after tax in the latest quarter compared to previous averages, which may affect investor sentiment. Despite these negative factors, the stock's overall market-beating performance in both the long and near term suggests a strong position in the market, contributing to its recent price rise.