Why is Lumax Auto Tech. falling/rising?

As of 06-Aug, Lumax Auto Technologies Ltd is currently priced at 1,157.45, reflecting a decrease of 38.9 points or 3.25%. The stock has recently hit a new 52-week and all-time high of Rs 1231.9 but has since fallen after two consecutive days of gains. Today's performance indicates that it underperformed its sector by 0.71%, with an intraday low of Rs 1140.45, suggesting volatility. Despite this decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 78.96% and a remarkable 108.72% rise over the past year. The recent increase in investor participation, with delivery volume rising by 107.7% against the 5-day average, indicates continued interest, although the stock's movement has been influenced by broader sector declines.
Broader Market Context: In the context of the broader market, Lumax Auto Technologies Ltd has outperformed the Sensex over various periods, including a 4.00% gain over the past week compared to the Sensex's decline of 1.15%. However, the auto ancillary sector has seen a downturn of 2.73%, which may have contributed to the stock's recent price drop. The overall market sentiment appears to be cautious, as indicated by the stock's trading below its recent highs despite its strong long-term performance. This juxtaposition of strong historical returns against current sector challenges may explain the recent fluctuations in Lumax Auto Technologies Ltd's stock price.