Why is Akzo Nobel falling/rising?

As of 14-Jul, Akzo Nobel India Ltd is experiencing a price increase, currently at 3,649.55, reflecting a rise of 24.55 or 0.68%. The stock has shown strong performance recently, outperforming its sector by 2.31% today and has been on a consecutive gain for the last two days, accumulating a total return of 0.71% during this period. Over the past week, the stock has risen by 1.69%, significantly outperforming the Sensex, which has declined by 1.42%. Additionally, the stock has demonstrated impressive long-term performance, with a 26.17% return over the past year compared to the market's 2.15%. 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 favorable valuation despite trading at a premium compared to peers.
In the broader market context, while Akzo Nobel has shown positive short-term returns, the benchmark Sensex has faced a decline, indicating that the stock's rise is somewhat independent of broader market trends. The stock's performance is particularly notable given the falling investor participation, with delivery volume significantly down by 95.18% against the 5-day average. Despite this, the stock remains liquid enough for trading, suggesting that investor confidence may still be present. Overall, the combination of strong company fundamentals, recent price momentum, and a significant outperformance relative to the benchmark supports the stock's upward movement.