Why is Lumax Auto Tech. falling/rising?

As of 30-Jun, Lumax Auto Technologies Ltd is experiencing a price increase, currently at 1,178.65, reflecting a rise of 31.85 or 2.78%. The stock has shown strong performance, with a 1-week return of 4.64% and a remarkable 1-month return of 45.27%. It is also close to its 52-week high, being only 1.81% away from the peak of Rs 1200. The stock is trading above all key moving averages, indicating a positive trend. Additionally, the company has demonstrated high management efficiency and strong financial health, with a low Debt to EBITDA ratio and consistent growth in net sales and profits over recent quarters, contributing to investor confidence and driving the stock's upward movement.
In the broader market context, Lumax Auto Technologies Ltd has outperformed the Sensex, which has only increased by 2.09% over the past week, while Lumax's performance has been significantly stronger. The stock's year-to-date return of 82.24% and 1-year return of 102.17% further illustrate its robust performance compared to the benchmark's 7.00% and 5.79%, respectively. However, there are some risks, including a relatively high valuation and a decline in investor participation, as evidenced by a 20.54% drop in delivery volume against the 5-day average. Despite these challenges, the overall positive financial indicators and strong institutional support suggest a favorable outlook for the stock.