Why is Omax Autos falling/rising?

As of 18-Aug, Omax Autos Ltd is experiencing a price increase, currently at Rs 151.30, reflecting a rise of Rs 6.65 or 4.6%. The stock has outperformed its sector today by 1.3% and has reached an intraday high of Rs 151.30. Over the past week, Omax Autos has shown a return of 6.32%, and in the last month, it has surged by 34.35%. The company has consistently delivered positive results for the last 11 quarters, with a notable return on capital employed (ROCE) of 9.55% and a low debt-equity ratio of 0.25 times. The stock is trading at a discount compared to its peers, and its profits have increased significantly, contributing to its attractive valuation.
In the broader market context, while the Sensex has only gained 0.83% over the past week, Omax Autos has significantly outperformed this benchmark. The stock's year-to-date return of 27.04% also contrasts with the Sensex's 4.01% increase, indicating strong relative performance. However, there has been a decline in investor participation, with delivery volume falling by 18.44% against the 5-day average, which could be a point of concern. Despite this, the overall positive financial indicators and consistent returns over the past three years suggest that the stock's upward movement is supported by solid fundamentals.