Why is Uno Minda falling/rising?

As of 01-Sep, Uno Minda Ltd's stock price is currently at Rs. 1,320.00, reflecting an increase of Rs. 41.0 or 3.21%. The stock has recently reached a new 52-week and all-time high of Rs. 1320.1, outperforming its sector by 0.48%. In the past week, the stock has gained 2.81%, and over the last month, it has surged by 26.46%, indicating strong momentum. The company's financial health is bolstered by a low Debt to EBITDA ratio of 0.98 times, robust net sales growth at an annual rate of 31.47%, and significant operating profit increases. However, there are concerns regarding its high valuation metrics, such as a PEG ratio of 4.6, which may temper investor enthusiasm.
In the broader market context, Uno Minda's performance stands out against the benchmark Sensex, which has declined by 1.56% over the past week. The stock's ability to generate returns of 12.47% over the last year, compared to the Sensex's drop of 2.43%, highlights its resilience and attractiveness to investors. Despite a recent decline in delivery volume, the stock remains liquid and is trading above its moving averages, suggesting continued investor interest. Overall, the combination of strong fundamentals and positive market performance contributes to the stock's upward trajectory.