Why is Lumax Industries falling/rising?

As of 30-Jul, Lumax Industries Ltd is experiencing a price increase, currently at Rs 3,981.00, reflecting a rise of Rs 162.95 or 4.27%. The stock has shown strong performance today, outperforming its sector by 4.4% and reaching an intraday high of Rs 4,000.1. Over the past week, Lumax Industries has gained 3.37%, and in the last month, it has risen by 8.23%. The company has also demonstrated impressive long-term returns, with a year-to-date increase of 68.69% and a three-year return of 164.40%. Positive financial results, including record net sales and profits, alongside a favorable PEG ratio of 1, indicate that the stock is trading at a discount compared to its peers, contributing to its upward momentum.
In the broader market context, while Lumax Industries has been rising, the benchmark Sensex has declined by 1.50% over the past week and 2.54% over the past month. This contrast highlights the stock's strong performance relative to the market. However, there has been a noted decrease in investor participation, with delivery volume falling by 51.62% against the five-day average, which could be a concern for future trading activity. Despite this, the stock's liquidity remains adequate for trading, and its consistent outperformance against the BSE500 over various time frames reinforces its positive market standing.