Why is Asian Paints falling/rising?

As of 04-Jul, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,424.80, which reflects a decrease of 5.6 points or 0.23%. The stock has shown a trend reversal, falling after three consecutive days of gains. Despite this recent downturn, the stock has performed positively over the past week, with a return of 2.78%, and has increased by 7.81% over the past month. However, it has underperformed significantly over the last year, with a return of -17.57%. The company has strong long-term fundamentals, indicated by a healthy average return on equity (ROE) of 24.35% and a low debt-to-equity ratio, but it has faced challenges with negative results in the last three quarters, which may be contributing to the current price movement.
In the broader market context, Asian Paints' recent performance contrasts with the Sensex, which has seen a decline of 0.74% over the past week. While the stock's liquidity appears sufficient for trading, with a delivery volume increase of 16.34% against the five-day average, the consistent underperformance against benchmarks over the last three years raises concerns among investors. The stock's valuation appears expensive relative to its peers, and the recent negative profit growth of -28.2% further complicates its outlook. Overall, while there are positive long-term indicators, the recent financial results and market performance suggest a cautious sentiment among investors.