Why is Uno Minda falling/rising?

As of 10-Sep, Uno Minda Ltd's stock price is currently at Rs 1,271.50, reflecting a decrease of Rs 13.7 or 1.07%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 2.62%. Despite this short-term drop, the stock has shown strong performance over the longer term, with a 1-month return of 17.42% and a year-to-date return of 20.29%. The stock is currently 4.6% away from its 52-week high, indicating some potential for recovery. Positive factors such as a strong ability to service debt, healthy long-term growth in net sales and operating profit, and high institutional holdings suggest a solid fundamental base, although the stock's valuation appears expensive compared to its peers.
In the broader market context, Uno Minda's recent performance contrasts with the Sensex, which has gained 1.06% over the past week while Uno Minda has declined by 0.92%. This underperformance may reflect investor sentiment and market conditions impacting the stock specifically. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Overall, while the stock has shown strong long-term performance, its current decline may be influenced by short-term market dynamics and valuation concerns.