Why is Lumax Industries falling/rising?

As of 12-Sep, Lumax Industries Ltd is experiencing a price increase, currently at Rs 4,202.95, reflecting a rise of 82.65 points or 2.01%. The stock has shown a positive trend today, outperforming its sector by 1.27% and reversing a three-day decline. It reached an intraday high of Rs 4,238, which is a 2.86% increase. Over the past week, the stock has gained 1.89%, and it has demonstrated impressive returns over longer periods, including a 26.08% increase in the last month and a remarkable 78.09% year-to-date. The company's healthy long-term growth is underscored by a 50.59% annual increase in operating profit, positive results over the last three quarters, and a return on capital employed (ROCE) of 9.4, indicating fair valuation compared to peers.
In the broader market context, Lumax Industries has outperformed the Sensex, which has only risen by 1.48% over the past week. The stock's performance has been particularly strong over the last year, generating a return of 54.92% while the Sensex has declined by 1.28%. Despite a recent drop in investor participation, with delivery volume falling by 44.57%, the stock remains liquid enough for trading. The company's consistent profit growth and favorable valuation metrics contribute to its strong market performance, making it a compelling option for investors looking for growth in the automotive sector.