Why is Asahi India Glas falling/rising?

As of 24-Sep, Asahi India Glass Ltd is currently priced at Rs. 913.20, reflecting a decrease of Rs. 2.1 or 0.23%. The stock has recently hit a new 52-week high of Rs. 933.45 but has underperformed its sector by 3.94% today. Despite a positive performance over the past week (+1.53%) and month (+3.04%), the stock has experienced a trend reversal after two consecutive days of gains. Additionally, while the company has shown healthy long-term growth with an annual operating profit increase of 30.79%, recent quarterly figures indicate a significant decline in profit before tax and profit after tax, which fell by 42.1% and 35.4%, respectively, compared to previous averages. This suggests that despite a strong market position, the stock's recent performance may be impacted by disappointing quarterly results.
In the broader market context, Asahi India Glass has outperformed the benchmark Sensex over various periods, including a year-to-date return of 19.74% compared to the Sensex's 4.58%. However, the stock's recent decline may be attributed to falling investor participation, as evidenced by a 5.26% drop in delivery volume against the 5-day average. While the glass sector has gained by 3.32%, the overall market sentiment appears to be cautious, particularly given the negative returns of -5.32% from the BSE500 over the past year. This combination of strong long-term growth potential and recent disappointing financial results may be contributing to the stock's current downward movement.