Why is Akzo Nobel falling/rising?

As of 04-Aug, Akzo Nobel India Ltd's stock price is rising, currently at 3,755.00, reflecting an increase of 119.1 or 3.28%. Today's price summary indicates that the stock has outperformed its sector by 2.67% and has gained after two consecutive days of decline. Although it opened with a loss of 2.33%, it reached an intraday high of Rs 3779.8, showing a strong recovery. Over the past month, the stock has performed well with a return of 9.58%, contrasting with a decline of 2.89% in the benchmark Sensex. Despite a drop in investor participation, the company maintains a high return on equity (ROE) of 25.77% and a low debt-to-equity ratio, which supports its valuation despite a slight decline in profits over the past year.
Broader Market Context: In the short term, Akzo Nobel's stock has outperformed the Sensex, which has seen a slight increase of 0.16% over the past week while Akzo Nobel's return was nearly flat at -0.02%. The stock's long-term performance remains strong, with a 19.34% return over the past year, significantly outperforming the Sensex's minimal growth of 0.05%. However, concerns about poor long-term growth, as indicated by a modest annual growth rate in net sales and operating profit, may temper investor enthusiasm. Despite these challenges, the stock's ability to recover today suggests resilience in the face of broader market conditions.