Why is Lumax Industries falling/rising?

As of 30-Sep, Lumax Industries Ltd is experiencing a price increase, currently at Rs 5,022.00, reflecting a rise of Rs 69.45 or 1.4%. The stock has recently hit a new 52-week and all-time high of Rs 5,089, showcasing strong performance with a 17.42% increase over the last six days. Additionally, the company has demonstrated impressive returns, with a 112.80% increase year-to-date and a 93.53% rise over the past year, significantly outperforming the benchmark Sensex, which has only gained 2.72% in the same period. The company has also reported positive financial results, including a 22.37% growth in net sales over the last six months and a healthy operating profit growth rate of 50.59% annually, contributing to investor confidence.
In the broader market context, Lumax Industries has outperformed the Sensex, which has declined by 4.78% over the past year, while Lumax has shown a remarkable 93.53% increase. Despite a slight decline in investor participation, as indicated by a 9.26% drop in delivery volume compared to the five-day average, the stock remains liquid enough for trading. The consistent positive financial results over the last three quarters and the stock's ability to outperform both the sector and the benchmark indices in the short and long term further bolster its upward price movement.