Why is Asian Paints falling/rising?

As of 07-Jul, Asian Paints Ltd. has seen its stock price rise to 2,443.40, reflecting an increase of 18.6 points or 0.77%. The stock has outperformed its sector today by 0.37%, and its performance over the past week shows a gain of 4.36%, while it has increased by 8.69% over the past month. However, the stock's delivery volume has decreased significantly, falling by 45.97% compared to the 5-day average, indicating a decline in investor participation. Despite the positive short-term movements, the company has reported negative results for the last three consecutive quarters, with a notable drop in profits, which may contribute to cautious sentiment among investors.
In the broader market context, while Asian Paints has outperformed the Sensex in the short term, the stock has consistently underperformed against the benchmark over the last three years, generating a return of -16.77% in the past year compared to the Sensex's gain of 4.31%. The company's strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, suggest potential for growth; however, the recent negative financial results and high valuation relative to peers may temper investor enthusiasm. Overall, while the stock is currently rising, the underlying financial challenges and declining investor participation could pose risks to its continued upward momentum.