Why is Uno Minda falling/rising?

As of 02-Sep, Uno Minda Ltd's stock price is currently at 1,302.10, reflecting a decrease of 17.9 points or 1.36%. The stock recently hit a new 52-week high of Rs.1322.85 but has underperformed its sector by 1.62% today. Despite this decline, the stock has shown strong performance over the past month, with a return of 24.75%, and has outperformed the Sensex over various periods, including a 10.86% return over the last year. The company's fundamentals remain strong, with a low Debt to EBITDA ratio of 0.98 times and significant growth in net sales and operating profit. However, the stock's valuation appears expensive with a ROCE of 15.7 and a PEG ratio of 4.6, which may be contributing to the recent price drop.
In the broader market context, Uno Minda's short-term performance contrasts with the Sensex, which has declined by 0.78% over the past week. The stock's liquidity remains adequate, with a delivery volume that has decreased by 13.53% against its five-day average, indicating a potential decline in investor participation. While institutional holdings are high at 25.44%, suggesting confidence from larger investors, the overall market sentiment may be affecting the stock's price negatively. Despite its strong long-term growth and market-beating performance, the combination of high valuation concerns and reduced trading activity could be influencing the current downward movement in Uno Minda's stock price.