Why is Lumax Industries falling/rising?

As of 07-Nov, Lumax Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,660.00, which reflects a decrease of Rs 190.65 or 3.93%. The stock has underperformed its sector by 3.76% today and has been on a downward trend for the last three days, accumulating a total decline of 6.98%. Despite reaching an intraday high of Rs 5,065.85, it also touched a low of Rs 4,474.85, indicating significant volatility with an intraday fluctuation of 7.87%. Over the past week, the stock has decreased by 6.65%, contrasting with its strong year-to-date performance of 97.46% and a one-year return of 83.83%, which highlights its long-term growth potential and positive operational results. In the broader market context, while Lumax Industries has shown impressive long-term returns, its recent short-term performance has lagged behind the benchmark, with the Sensex only declining by 0.86% over the same period. This suggests that the stock's recent struggles may be more pronounced compared to the overall market. However, the company has consistently reported positive results over the last four quarters, with significant growth in operating profit and net sales, which supports a healthy long-term outlook. The rising investor participation, indicated by a substantial increase in delivery volume, may provide some support, but the current market sentiment appears to be weighing heavily on the stock's price.