Why is Akzo Nobel falling/rising?

As of 31-Oct, Akzo Nobel India Ltd's stock price is currently at 3,240.65, reflecting a decrease of 28.75 points or 0.88%. The stock has underperformed its sector by 0.34% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.14%. In the past week, the stock has decreased by 1.23%, and over the past month, it has fallen by 2.29%. Despite a high dividend yield of 8.01% and efficient management indicated by a high return on equity (ROE) of 25.77%, the stock has faced challenges, including a significant decline of 26.24% over the past year, alongside a 5.9% drop in profits. Additionally, the reduction in promoter stake by 5% may signal a lack of confidence in the company's future, contributing to the stock's negative momentum.
Broader market context shows that while the Sensex has gained 3.65% over the past month and 7.42% year-to-date, Akzo Nobel's performance has been notably weaker, with a year-to-date decline of 9.14%. The stock's performance is also contrasted by its long-term growth, which has been poor, with net sales growing at an annual rate of only 12.97% over the last five years. This underperformance relative to the broader market, combined with negative financial results and declining promoter confidence, has likely contributed to the stock's recent downward trend.