Why is Uno Minda falling/rising?

As of 11-Sep, Uno Minda Ltd's stock price is currently at 1,280.00, reflecting an increase of 8.5 points or 0.67%. The stock has shown a strong performance over the past month, with a return of 17.86%, and it has outperformed the BSE500 index in both the short and long term, generating a 24.74% return over the last year. Today's price summary indicates that the stock is close to its 52-week high, just 3.91% away, and has gained after two consecutive days of decline. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 7.95% against the 5-day average, suggesting growing interest in the stock. The company's strong financials, including a low Debt to EBITDA ratio and healthy growth in net sales and operating profit, further support its positive price movement.
In the broader market context, while the Sensex has increased by 1.03% over the past week, Uno Minda's stock has slightly underperformed with a decline of 0.39%. However, the stock's long-term performance significantly outpaces the benchmark, with a remarkable 117.11% increase over the past three years compared to the Sensex's 36.38%. Despite its strong performance, the stock's valuation appears expensive with a high PEG ratio, which could pose risks for future growth. Nonetheless, the high institutional holdings indicate confidence from knowledgeable investors, which may help sustain the stock's upward trajectory in the near term.