Why is Lumax Auto Tech. falling/rising?

As of 08-Sep, Lumax Auto Technologies Ltd is experiencing a price increase, currently at Rs 1,155.00, reflecting a rise of Rs 85.00 or 7.94%. The stock has shown strong performance today, outperforming its sector by 5.68% and achieving a consecutive gain over the last three days with a total return of 10.28%. It reached an intraday high of Rs 1,171, indicating robust trading activity despite a wide trading range. Over the past month, the stock has increased by 16.60%, and it has delivered impressive returns of 122.63% over the past year, significantly outperforming the BSE500 index during this period. The company has also demonstrated high management efficiency, strong sales growth, and positive quarterly results, which contribute to investor confidence and support the stock's upward movement.
In the broader market context, while the Sensex has shown a modest gain of 0.53% over the past week, Lumax Auto Technologies Ltd's recent performance stands out, particularly with its 10.28% increase over the last three days. The auto ancillary sector has gained by 2.3%, indicating a favorable environment for the industry. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 66.25% against the five-day average, which could signal caution among some investors. Nonetheless, the high institutional holdings at 23.35% and their increased stake suggest a strong belief in the company's fundamentals, further supporting the stock's positive trajectory.