Why is Lumax Auto Tech. falling/rising?

As of 04-Jul, Lumax Auto Technologies Ltd is experiencing a rise in its stock price, currently at Rs 1,153.50, reflecting an increase of Rs 19.5 or 1.72%. The stock has shown strong performance recently, gaining 3.45% over the last two days and outperforming its sector by 1.05%. It is also close to its 52-week high, being only 4.72% away from Rs 1,208. Over the past year, the stock has delivered impressive returns of 99.93%, significantly outperforming the BSE500 index. Positive factors contributing to this upward movement include high management efficiency, a strong ability to service debt, and consistent growth in net sales and profits, which have led to positive results over the last three quarters.
In the broader market context, Lumax Auto Technologies Ltd has outperformed the Sensex in the short term, with a 1-week return of +0.58% compared to the Sensex's -0.74%. This indicates that while the overall market may be facing challenges, Lumax Auto Technologies is maintaining a positive trajectory. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping significantly, which could pose a risk to sustained price increases. Despite this, the stock's strong fundamentals and high institutional holdings suggest confidence among investors, contributing to its recent price rise.