Why is Lumax Auto Tech. falling/rising?

As of 27-Jun, Lumax Auto Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,146.80, reflecting a decrease of Rs 30.2 or 2.57%. Despite this drop, the stock has shown strong performance over the past week, with a return of 6.47%, and an impressive 67.88% increase over the past month. The stock recently hit a new 52-week high of Rs 1,200 but has underperformed its sector by 3.25% today, reaching an intraday low of Rs 1,123.9. The company has demonstrated high management efficiency, strong debt servicing capabilities, and consistent returns, which have contributed to its robust long-term growth, evidenced by a 97.64% return over the past year. However, the stock is perceived as expensive with a high valuation, which may be causing some investor caution.
In the broader market context, while the Sensex has only increased by 2.00% over the past week, Lumax Auto Technologies Ltd's performance has significantly outpaced this benchmark, indicating strong investor interest despite the current price decline. The stock's liquidity remains healthy, with rising investor participation noted through increased delivery volumes. However, the high valuation metrics and the recent underperformance relative to its sector could be influencing the stock's current downward movement. Overall, while the company has shown strong fundamentals and consistent growth, the market's reaction to its valuation may be contributing to the recent price decline.