Why is Asian Paints falling/rising?

As of 22-Jul, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,365.15, which reflects a decrease of 14.15 or 0.59%. The stock has underperformed its sector today by 0.58% and has been on a consecutive downward trend for the last four days, resulting in a total decline of 1.88% during this period. Over the past year, the stock has generated a return of -19.39%, significantly underperforming against the benchmark Sensex, which has seen a modest increase of 2.09%. The stock's recent performance is further characterized by a narrow trading range and a notable drop in investor participation, with delivery volume falling by 53.26% compared to the five-day average.
In terms of broader market context, the stock's performance has been consistently weak, particularly over the last three years, where it has underperformed the BSE500 in each annual period. Despite strong long-term fundamentals, such as a healthy return on equity and low debt-to-equity ratio, the company has faced challenges, including negative results for the last three consecutive quarters and a significant decline in profits. This combination of factors, including high institutional holdings and a market cap that dominates its sector, contrasts sharply with its recent stock performance, leading to a cautious outlook among investors.