Why is Lumax Auto Tech. falling/rising?

As of 26-Jun, Lumax Auto Technologies Ltd is experiencing a price increase, currently at Rs 1,177.00, which reflects a rise of Rs 53.8 or 4.79%. The stock reached a new 52-week and all-time high of Rs 1,184 today, outperforming its sector by 4.46%. Over the past week, the stock has gained 7.00%, and it has shown remarkable growth with a year-to-date increase of 81.99% and a one-year return of 99.75%. Positive factors contributing to this upward movement include high management efficiency, a strong ability to service debt, and consistent growth in net sales and operating profit. Additionally, the company has reported positive results for the last three consecutive quarters, which has likely bolstered investor confidence.
In the broader market context, Lumax Auto Technologies Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.94% over the past week. This strong relative performance, combined with high institutional holdings and consistent returns over the last three years, suggests that investors are optimistic about the company's future prospects despite some concerns regarding its valuation metrics. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 40.98% against the five-day average, which could indicate a potential risk if this trend continues.