Why is Lumax Auto Tech. falling/rising?

As of 10-Oct, Lumax Auto Technologies Ltd is currently priced at Rs 1,193.50, reflecting an increase of Rs 2.85 or 0.24%. The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite touching an intraday low of Rs 1,141.35, the stock has outperformed its sector by 0.49%. Over the past week, however, it has experienced a significant decline of 8.42%, while its one-month performance shows a positive return of 7.07%. The company has demonstrated strong fundamentals, including 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, high institutional holdings at 23.35% indicate confidence from larger investors, further supporting the stock's recent upward movement.
In the broader market context, the Sensex has increased by 1.59% over the past week, contrasting with Lumax's decline during the same period. However, the stock has significantly outperformed the benchmark over longer time frames, with a year-to-date return of 84.54% compared to the Sensex's 5.58%. This indicates that while Lumax Auto Technologies Ltd is currently experiencing short-term volatility, its long-term performance remains strong, bolstered by positive quarterly results and consistent returns over the last three years. The market's reaction may also be influenced by the stock's relatively expensive valuation and falling investor participation, as indicated by a decrease in delivery volume.