Why is Lumax Industries falling/rising?

As of 18-Jul, Lumax Industries Ltd is currently priced at Rs 3,891.85, reflecting a decrease of Rs 33.75 or 0.86%. The stock has experienced a trend reversal, falling after four consecutive days of gains, and touched an intraday low of Rs 3,821.35, which is a decline of 2.66%. Despite this drop, the stock has shown strong performance over various periods, with a 10.81% increase over the past week and a remarkable 64.91% rise year-to-date. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The recent increase in delivery volume by 680.13% suggests rising investor participation, which could support future price stability. Positive financial results from March 2025, including record net sales and profit before tax, along with a favorable PEG ratio of 1, indicate that the stock is fairly valued compared to its peers, contributing to its overall resilience.
In the broader market context, Lumax Industries has outperformed the benchmark Sensex, which has seen a decline of 0.90% over the past week while Lumax has gained 10.81%. This strong relative performance highlights the stock's appeal, particularly as institutional investors have increased their stake, reflecting confidence in the company's fundamentals. The stock's long-term performance is also noteworthy, with a 162.13% increase over the past three years compared to the benchmark's 49.96% rise, further emphasizing its market-beating capabilities. Despite the recent price drop, the overall trends and institutional interest suggest that Lumax Industries remains a strong contender in the market.