Why is Uno Minda falling/rising?

As of 05-Sep, Uno Minda Ltd's stock price is rising, currently at 1,298.70, reflecting an increase of 13.7 or 1.07%. The stock has shown strong performance recently, with a 1.54% increase over the past week and a significant 17.70% rise over the last month. It is also trading close to its 52-week high, just 1.86% away from Rs 1322.85. Despite a decline in delivery volume by 56.74% compared to the 5-day average, the stock has been gaining for the last two days, outperforming its sector by 0.68%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.98 times and impressive growth in net sales and operating profit, contribute positively to its recent upward movement.
In the broader market context, Uno Minda's performance has outpaced the Sensex, which has remained flat over the past month, while the stock has generated a return of 17.70%. The company has demonstrated market-beating performance over the long term, with a 14.50% return in the last year and a remarkable 128.85% increase over the past three years. However, the stock's valuation appears expensive with a ROCE of 15.7 and a PEG ratio of 4.6, indicating potential risks if profit growth does not keep pace with its valuation. Despite these concerns, high institutional holdings at 25.44% suggest confidence from knowledgeable investors, further supporting the stock's upward trajectory.