Why is Lumax Industries falling/rising?

As of 22-Aug, Lumax Industries Ltd is experiencing a decline in its stock price, currently at 3,848.40, which reflects a decrease of 36.6 points or 0.94%. The stock has underperformed its sector by 0.55% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.32% during this period. Despite this recent downturn, the stock has shown strong performance over the past week with a return of 16.64%, although it has decreased by 4.20% over the past month. The company has reported positive operating profit growth and a reduction in raw material costs, contributing to a healthy long-term outlook, but these factors have not been sufficient to counteract the recent price drop.
Broader market context indicates that while Lumax Industries has outperformed the Sensex over the past year with a return of 35.13% compared to the index's 0.31%, the current short-term performance is not aligned with this trend. The stock's recent performance contrasts with the benchmark's modest gain of 0.88% over the past week, suggesting that external market conditions may be affecting investor sentiment negatively. Despite the company's solid fundamentals and majority shareholder backing, the stock's current liquidity and trading patterns indicate a cautious market response, contributing to its recent price decline.