Why is Akzo Nobel falling/rising?

As of 01-Aug, Akzo Nobel India Ltd is experiencing a decline in its stock price, currently at Rs 3,632.10, reflecting a decrease of Rs 148.2 or 3.92%. The stock has underperformed its sector by 4.92% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.62% during this period. The stock touched an intraday low of Rs 3,624.4 and has seen a significant drop in delivery volume, which fell by 53.41% against the 5-day average. Despite a strong long-term performance, with a 16.36% return over the past year and high management efficiency indicated by a 25.77% ROE, the stock is trading at a premium compared to its peers, which may be contributing to its recent price decline.
In the broader market context, the stock's short-term performance of -3.14% over the past week contrasts with the Sensex, which has only decreased by 1.06% during the same period. While Akzo Nobel has shown strong long-term performance, outperforming the BSE500 over various time frames, its recent struggles with poor long-term growth metrics, such as an annual net sales growth rate of 8.98% and flat results in March 2025, may be weighing on investor sentiment. The combination of falling investor participation and the stock's current premium valuation compared to historical averages suggests that market conditions are contributing to the stock's recent downward movement.