Why is Lumax Auto Tech. falling/rising?

As of 01-Jul, Lumax Auto Technologies Ltd is experiencing a decline in its stock price, currently at 1,158.90, reflecting a decrease of 19.75 points or 1.68%. Despite this drop, the stock has shown strong performance over the past week, with a return of 2.56%, and an impressive 42.84% increase over the past month. The stock reached a new 52-week high of Rs 1208 earlier in the day but also faced a low of Rs 1136.9, indicating volatility. The stock is trading above its moving averages, suggesting a generally positive trend, but has underperformed its sector by 1.74%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 25.01% against the five-day average, which may contribute to the current price decline.
In the broader market context, Lumax Auto Technologies has outperformed the Sensex over various periods, including a year-to-date return of 79.19% compared to the Sensex's 7.11%. This strong performance is supported by high management efficiency, a low debt-to-EBITDA ratio, and consistent returns over the last three years. However, the stock's recent decline could be attributed to its expensive valuation relative to its peers, as indicated by a high enterprise value to capital employed ratio. While the company has shown healthy growth in net sales and profits, the market may be reacting to the perceived overvaluation, leading to the current price movement.