Why is Lumax Auto Tech. falling/rising?

As of 01-Sep, Lumax Auto Technologies Ltd is experiencing a price increase, currently at 1,250.00, reflecting a rise of 76.15 or 6.49%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.76%. It has shown consistent gains over the last two days, accumulating a total return of 12.61% during this period. Additionally, the stock has demonstrated strong performance over various time frames, with a year-to-date increase of 93.27% and a remarkable 137.19% rise over the past year. The company's high management efficiency, as indicated by a return on capital employed (ROCE) of 19.74%, and a low debt-to-EBITDA ratio of 0.71 times, further support its positive momentum. Moreover, the company has reported positive results for the last four consecutive quarters, contributing to its strong growth outlook.
In the broader market context, Lumax Auto Technologies Ltd has significantly outperformed the Sensex, which has declined by 1.56% over the past week while the stock itself has risen by 10.00%. This stark contrast highlights the company's resilience and attractiveness to investors, particularly given its high institutional holdings of 23.35%, which have increased by 1.95% over the previous quarter. Despite some concerns regarding its valuation, as indicated by a PEG ratio of 1.3 and a relatively high enterprise value to capital employed, the overall positive sentiment surrounding the company's strong sales growth and consistent returns over the last three years has contributed to its rising stock price.