Why is Lumax Auto Tech. falling/rising?

As of 29-Sep, Lumax Auto Technologies Ltd is experiencing a price increase, currently at Rs 1,318.20, reflecting a rise of 20.25 or 1.56%. The stock has recently hit a new 52-week and all-time high of Rs 1,336.7 and has outperformed its sector by 1.06%. Over the past week, the stock has gained 19.58%, while its year-to-date return stands at an impressive 103.82%. The company has demonstrated strong financial performance, with net sales growing by 42.68% and a positive profit after tax growth of 31.47% over the last six months. Additionally, high institutional holdings at 23.35% indicate confidence from significant investors, further supporting the stock's upward movement.
In the broader market context, Lumax Auto Technologies Ltd's recent performance contrasts sharply with the Sensex, which has declined by 2.18% over the past week. This stark difference highlights the stock's resilience and strong fundamentals, particularly its high return on capital employed and low debt-to-EBITDA ratio. Despite some concerns regarding its valuation and a slight decline in investor participation, the overall positive sentiment surrounding the company's consistent returns and growth prospects has contributed to its rising stock price.