Why is Lumax Industries falling/rising?

As of 24-Jul, Lumax Industries Ltd is experiencing a price increase, currently at Rs 3,936.50, reflecting a rise of Rs 85.25 or 2.21%. The stock has shown strong performance today, outperforming its sector by 1.28% and reaching an intraday high of Rs 3,968.6, which is a 3.05% increase. Over the past week, Lumax Industries has gained 0.28%, and its one-month return stands at an impressive 20.57%. The company has demonstrated consistent growth, with a year-to-date return of 66.80% and a one-year return of 35.09%. Positive financial results, including record net sales and profit before tax, along with a favorable valuation compared to peers, support the stock's upward movement. However, a notable decline in delivery volume by 48.38% against the five-day average may indicate a potential concern regarding investor participation.
In the broader market context, Lumax Industries has outperformed the Sensex, which has seen a slight decline of 0.09% over the past week. The stock's strong performance relative to the benchmark, particularly with a three-year return of 173.33% compared to the Sensex's 46.57%, highlights its resilience and attractiveness to investors. The company's consistent returns over the last three years and a favorable PEG ratio further enhance its appeal, suggesting that the stock is well-positioned in the market despite the recent drop in delivery volume.