Why is Lumax Auto Tech. falling/rising?

As of 05-Aug, Lumax Auto Technologies Ltd is experiencing a price increase, currently trading at Rs 1,200.50, which reflects a rise of Rs 50.55 or 4.4%. The stock has shown strong performance recently, gaining 10.24% over the last two days and is only 0.62% away from its 52-week high of Rs 1,208. Additionally, it has outperformed its sector by 4.32% today. The stock is trading above its moving averages across various periods, indicating a bullish trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 38.23% compared to the five-day average, suggesting heightened interest in the stock.
In the broader market context, Lumax Auto Technologies Ltd has significantly outperformed the benchmark Sensex over various time frames. Over the past week, the stock has increased by 11.86%, while the Sensex has declined by 0.77%. Year-to-date, Lumax has surged by 85.62%, contrasting sharply with the Sensex's modest gain of 3.29%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors, contributing to its rising price.