Why is Lumax Industries falling/rising?

As of 17-Nov, Lumax Industries Ltd is experiencing a price increase, currently at 5,165.60, reflecting a rise of 257.75 or 5.25%. The stock has shown strong performance today, outperforming its sector by 4.82% and recovering after two consecutive days of decline. It is also close to its 52-week high, just 3.28% away from Rs 5,335. The stock has demonstrated impressive returns over various periods, including a 126.46% increase over the past year and a remarkable 213.32% over the last three years. Despite a significant drop in delivery volume recently, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, indicating a positive trend.
In the broader market context, Lumax Industries has significantly outperformed the Sensex, which has only risen by 1.69% over the past week and 8.72% year-to-date, while Lumax has increased by 6.15% and 118.88%, respectively. The company's strong fundamentals, including a healthy operating profit growth rate of 64.57% and positive results for the last four consecutive quarters, contribute to its favorable valuation compared to peers. With a PEG ratio of 1.6 and a return on capital employed (ROCE) of 10.6, the stock is seen as fairly valued, further supporting its upward movement in the market.