Why is Lumax Auto Tech. falling/rising?

As of 29-Aug, Lumax Auto Technologies Ltd is experiencing a price increase, currently at Rs 1,173.85, reflecting a rise of Rs 63.85 or 5.75%. The stock has shown a positive trend today, having outperformed its sector by 5.22% and reversing a three-day consecutive decline. It is also close to its 52-week high, being only 4.95% away from Rs 1,231.9. Over the past week, the stock has gained 2.86%, and it has significantly outperformed the Sensex, which has declined by 1.84% over the same period. The company has demonstrated strong financial health with a high return on capital employed (ROCE) of 19.74%, a low debt to EBITDA ratio of 0.71, and consistent growth in net sales and operating profit. Additionally, institutional holdings have increased, indicating confidence from larger investors.
In the broader market context, Lumax Auto Technologies Ltd's recent performance contrasts sharply with the Sensex, which has shown a decline of 1.84% over the past week. The stock's year-to-date return of 81.50% and a one-year return of 122.62% further highlight its strong performance relative to the benchmark, which has only gained 2.14% in the same timeframe. This outperformance, coupled with positive quarterly results and consistent returns over the last three years, suggests that investor sentiment remains strong despite a recent dip in delivery volumes. Overall, the stock's upward movement is supported by robust fundamentals and positive market sentiment, even as broader market conditions show some weakness.