Why is Akzo Nobel falling/rising?

As of 11-Aug, Akzo Nobel India Ltd's stock price is currently at 3,448.90, reflecting a decline of 204.5 points or 5.6%. Today's trading performance indicates that the stock opened significantly lower, with a gap down of 5.02%, and reached an intraday low of Rs 3,411, marking a decrease of 6.63%. The stock has underperformed its sector by 5.6% today, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite a high return on equity (ROE) of 25.77% and a low debt-to-equity ratio, the stock's recent performance has been negatively impacted by a 5.9% decline in profits over the past year, alongside poor long-term growth prospects indicated by a modest annual net sales growth of 12.97% over the last five years.
In the broader market context, Akzo Nobel's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.51% over the past week, while Akzo Nobel has fallen by 7.43%. This underperformance is compounded by negative financial results reported for June, including a significant drop in profit after tax and operating cash flow. Although the stock offers an attractive dividend yield of 7.6%, the combination of declining profits and lackluster sales growth has led to a cautious outlook among investors, contributing to the stock's current downward trajectory.