Why is Akzo Nobel falling/rising?

As of 08-Jul, Akzo Nobel India Ltd's stock price is rising, currently at 3,688.15, reflecting an increase of 99.25 or 2.77%. The stock has shown strong performance today, outperforming its sector by 1.6% and achieving a consecutive gain over the last three days with an overall rise of 8.06%. It reached an intraday high of Rs 3696.2, and is trading above all key moving averages, indicating positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.08% against the five-day average. The stock has generated a return of 28.45% over the past year, significantly outperforming the broader market, which saw a return of only 1.98%.
In the broader market context, Akzo Nobel's short-term performance of +7.98% over the past week stands in stark contrast to the Sensex, which has only increased by 0.02%. This strong performance is supported by the company's high management efficiency, reflected in a return on equity (ROE) of 25.77%, and a low debt-to-equity ratio. Despite trading at a premium compared to its peers, the stock's fair valuation and consistent returns indicate investor confidence. However, it is worth noting that while the stock has performed well, its profits have only risen by 0.7% over the past year, suggesting that the high PEG ratio of 39.1 may warrant caution among investors.