Why is Akzo Nobel falling/rising?

As of 11-Jul, Akzo Nobel India Ltd's stock price is currently at Rs 3,625.00, reflecting a slight increase of 1.35 (0.04%). The stock has shown a positive trend today, outperforming its sector by 0.59% after two consecutive days of decline. Over the past week, the stock has gained 5.79%, while its one-year return stands at 25.17%, significantly higher than the market's average return of 0.52%. Despite a recent drop to an intraday low of Rs 3,546.65, the stock is trading above its moving averages across various timeframes, indicating a generally positive momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 87.46% compared to the five-day average.
In the broader market context, while Akzo Nobel has outperformed the Sensex in the short term, its year-to-date performance is lagging behind the benchmark, which has risen by 5.58%. The stock's strong management efficiency, indicated by a high return on equity (ROE) of 25.77%, and a favorable debt-to-equity ratio contribute to its positive outlook. However, it is trading at a premium compared to its peers, which may affect investor sentiment. The stock's recent performance, characterized by a significant return over the past year and a fair valuation, suggests that it remains a hold for investors, despite the recent fluctuations in price and trading volume.