Why is Akzo Nobel falling/rising?

As of 10-Jul, Akzo Nobel India Ltd is currently priced at 3,623.65, reflecting a decrease of 8.05 or 0.22%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -1.75% during this period. Despite this recent downturn, the stock has shown strong performance over the past week and month, with returns of 6.17% and 11.60%, respectively. Additionally, it is trading above its moving averages across various time frames, indicating a generally positive trend. The company boasts high management efficiency with a return on equity (ROE) of 25.77% and a low debt-to-equity ratio, contributing to its fair valuation. However, the stock is trading at a premium compared to its peers, and while it has generated a substantial return of 24.33% over the past year, its profits have only increased by 0.7%, leading to a high PEG ratio of 38.4.
In the broader market context, Akzo Nobel's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.06% over the past week. The stock's ability to outperform the sector by 1.42% today suggests that investor interest remains strong, as evidenced by a significant increase in delivery volume. However, the stock's recent consecutive falls may indicate some profit-taking or market correction after its strong performance. Overall, while the stock has demonstrated resilience and strong returns over longer periods, the recent price movement reflects a temporary setback amidst a generally favorable market environment.