Why is Lumax Auto Tech. falling/rising?

As of 17-Nov, Lumax Auto Technologies Ltd is experiencing a price increase, currently at 1,446.80, reflecting a rise of 17.0 points or 1.19%. The stock has shown strong performance today, having reached a new 52-week high of Rs 1499.95, and has outperformed its sector by 0.76%. It has gained 1.64% over the last two days and opened with a significant gain of 4.91%. The stock's impressive returns over various periods, including a 22.31% increase over the past month and a remarkable 181.73% rise over the past year, highlight its strong market position. Positive factors contributing to this upward movement include high management efficiency, a low debt-to-EBITDA ratio, and consistent growth in net sales and profits, with the company declaring positive results for five consecutive quarters.
In the broader market context, Lumax Auto Technologies Ltd has outperformed the Sensex, which has only increased by 1.69% over the past week and 1.19% over the past month. The stock's strong institutional holdings at 23.93% suggest confidence from knowledgeable investors, further supporting its upward trajectory. However, there are some risks, such as its expensive valuation relative to peers and a PEG ratio of 1.3, which may temper future growth expectations. Despite these concerns, the stock's consistent returns and positive financial indicators have contributed to its rising price.