Why is Asian Paints falling/rising?

As of 12-Aug, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,478.80, which reflects a decrease of 16.25 or 0.65%. The stock's performance today is in line with its sector, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a significant drop in investor participation, with delivery volume falling by 52.64% compared to the 5-day average. Over the past week, the stock has shown a positive return of 1.68%, while its performance over the last year has been negative at -18.62%. Despite strong long-term fundamentals, including a healthy return on equity and low debt levels, the company has reported negative results for the last four consecutive quarters, contributing to its recent price decline.
In the broader market context, Asian Paints has outperformed the Sensex in the short term, with a 1-week return of 1.68% compared to the benchmark's decline of 0.59%. However, the stock has consistently underperformed against the benchmark over the last three years, which may weigh on investor sentiment. The company's high institutional holdings indicate confidence from larger investors, but the recent negative financial results and a high price-to-book value suggest that the stock may be overvalued relative to its peers. This combination of factors, including declining profits and consistent underperformance, contributes to the stock's current downward movement.