Why is Uno Minda falling/rising?

As of 26-Aug, Uno Minda Ltd's stock price is currently at 1,279.50, reflecting a decrease of 4.45 points or 0.35%. Despite this decline, the stock has shown strong performance in the past week, with a return of 4.89%, and an impressive 18.00% increase over the past month. The stock recently hit a new 52-week high of Rs. 1295, indicating positive momentum prior to this drop. However, today's performance has seen a reversal after two consecutive days of gains, and there has been a notable decrease in investor participation, with delivery volume falling by 21.93% against the 5-day average. The company's strong fundamentals, including a low Debt to EBITDA ratio and healthy growth in net sales and operating profit, support its long-term potential, although the stock is currently viewed as expensive based on its valuation metrics.
In the broader market context, Uno Minda's recent performance contrasts with the Sensex, which has declined by 1.05% over the past week. The stock's ability to outperform the sector by 0.46% today highlights its relative strength, despite the current price drop. Furthermore, Uno Minda has consistently outperformed the benchmark indices over various time frames, including a 21.05% year-to-date return compared to the Sensex's 3.39%. This suggests that while the stock is experiencing a temporary setback, its long-term growth prospects remain robust, supported by high institutional holdings and a strong operational performance.