Why is Lumax Industries falling/rising?

As of 10-Nov, Lumax Industries Ltd is experiencing a price increase, currently at 4,844.35, reflecting a rise of 272.2 or 5.95%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 4.68% today and reached an intraday high of Rs 4,945, which is an 8.15% increase. Over the past year, the stock has generated a return of 91.47%, significantly outperforming the Sensex, which has only increased by 5.09%. The company has shown healthy long-term growth with an annual operating profit increase of 64.57%, and it has declared positive results for the last four consecutive quarters, contributing to investor confidence. In the broader market context, Lumax Industries has outperformed the benchmark indices in both the short and long term, with a 1-week return of -3.30% compared to the Sensex's -0.53%, and a year-to-date return of +105.27% against the Sensex's +6.91%. Despite the recent price increase, the company faces risks due to a high Debt to EBITDA ratio of 2.90 times, which indicates a low ability to service debt. However, the attractive valuation compared to peers and the strong performance metrics, such as a PEG ratio of 1.5 and a return on capital employed of 1.3, suggest that the stock remains appealing to investors, contributing to its recent upward movement.