Why is Ashok Leyland falling/rising?

As of 24-Sep, Ashok Leyland Ltd. is currently priced at 142.15, reflecting a decrease of 1.95 or 1.35%. The stock has recently underperformed its sector by 0.28% and touched an intraday low of Rs 139.55, which is a decline of 3.16%. Despite this, the stock has shown strong performance over various periods, with a 1-week return of 3.95% and a year-to-date return of 28.91%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 24.06% and a significant operating profit growth of 39.90%. However, the high debt-to-equity ratio of 3.06 times remains a concern for investors.
In the broader market context, Ashok Leyland's recent performance contrasts with the Sensex, which has declined by 1.18% over the past week. While the stock has been liquid, with a notable increase in delivery volume, it is currently trading close to its 52-week high, just 1.65% away from Rs 144.5. The company's strong historical returns, including a 19.91% increase over the past year, indicate a solid performance relative to the broader market, which has seen a decline of 3.77% during the same period. This combination of factors suggests that while the stock is facing short-term pressures, its long-term fundamentals remain robust, contributing to its overall market resilience.