Why is Akzo Nobel falling/rising?

As of 04-September, Akzo Nobel India Ltd is experiencing a price increase, currently at 3,427.40, reflecting a change of 56.35 or 1.67% upward. Today's price summary indicates that the stock has outperformed its sector by 1.29% and has shown a trend reversal after two consecutive days of decline. However, it is trading below its moving averages across various time frames, which suggests some underlying weakness. Despite a negative return of -8.00% over the past month and -4.02% over the past year, the stock has a high dividend yield of 7.76% and demonstrates strong management efficiency with a high return on equity (ROE) of 25.77%. The low debt-to-equity ratio and attractive valuation further support its recent price movement, although the stock is trading at a premium compared to its peers.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark Sensex, which has gained 0.80% over the past week while Akzo Nobel has declined by 1.11%. This underperformance in the short term contrasts with the stock's strong performance over the past three years, where it has risen by 76.59% compared to the Sensex's 37.27%. The liquidity of the stock remains adequate, with a significant increase in delivery volume, indicating rising investor participation, which may contribute positively to its price movement despite the recent fluctuations.