Why is Asahi India Glas falling/rising?

As of 19-Aug, Asahi India Glass Ltd is experiencing a slight increase in its stock price, currently at Rs 870.20, reflecting a change of 0.45 (0.05%) upwards. The stock has shown strong performance recently, gaining 6.77% over the past week and 3.72% over the past month, significantly outperforming the Sensex, which has only increased by 1.76% and decreased by 0.14%, respectively. The stock is also trading close to its 52-week high, just 0.68% away from Rs 876.1. Despite underperforming its sector by 1.22% today, the stock has been on a positive trend, gaining for the last four days, and has seen a notable increase in investor participation, with delivery volume rising by 219.07% against the 5-day average. The company's healthy long-term growth, with an annual operating profit increase of 30.79%, and its position as the largest company in its sector, accounting for 54.23% of the industry, further support its recent price movement.
In the broader market context, Asahi India Glass Ltd's recent performance stands out against the benchmark, as it has outperformed the Sensex in both the short-term and long-term periods. While the stock has generated a return of 34.60% over the past year, the Sensex has only increased by 1.52%. This strong performance is indicative of the company's market-beating capabilities, although there are concerns regarding its profitability metrics, such as a significant drop in profit before tax and profit after tax in the latest quarter compared to previous averages. Despite these negative factors, the stock's valuation remains competitive compared to its peers, contributing to its overall upward movement in price.