Why is Lumax Auto Tech. falling/rising?

As of 18-Nov, Lumax Auto Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,373.70, which reflects a decrease of Rs 86.35 or 5.91%. Today's price summary indicates that the stock has underperformed its sector by 4.56% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 1,357.55, marking a significant drop of 7.02%. Despite a strong performance over the past year, with a return of 169.62%, the stock has shown volatility today with an intraday volatility of 5.47%. While the company has demonstrated high management efficiency and strong growth metrics, including a low Debt to EBITDA ratio and consistent positive results over the last five quarters, the current market sentiment appears to be negative, likely influenced by the recent price movements and declining investor participation.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.79% compared to the Sensex's gain of 0.96%. This underperformance may be contributing to the stock's current decline, as investors may be reacting to the recent volatility and reduced delivery volume, which has fallen by 52.07% against the 5-day average. Despite the company's strong fundamentals and high institutional holdings, the expensive valuation and the stock's recent price action may be causing caution among investors, leading to the current downward trend.