Why is Uno Minda falling/rising?

As of 28-Aug, Uno Minda Ltd's stock price is currently at 1,296.55, reflecting an increase of 17.05, or 1.33%. The stock has recently hit a new 52-week and all-time high of Rs.1301.6, indicating strong upward momentum. Over the past week, the stock has outperformed the Sensex with a return of +5.52%, while the benchmark has declined by -2.34%. Additionally, Uno Minda has shown impressive long-term performance, with a 3-year return of +127.43% compared to the Sensex's +36.11%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.98 times and significant growth in net sales and operating profit, further support its rising stock price. However, there is a noted decline in investor participation, with delivery volume falling by -55.2% against the 5-day average, which could be a concern for future price stability.
In the broader market context, Uno Minda's recent performance stands in stark contrast to the overall market, as it has generated substantial returns while the Sensex has experienced a decline. This divergence highlights the stock's resilience and attractiveness to investors, particularly given its high institutional holdings of 25.44%, which suggest confidence from more sophisticated investors. Despite the positive indicators, the stock's valuation remains a point of caution, with a PEG ratio of 4.6 indicating it may be considered expensive relative to its earnings growth. Nonetheless, the combination of strong financial performance and market-beating returns positions Uno Minda favorably in the current market environment.