Why is Asian Paints falling/rising?

As of 25-Aug, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,494.50, reflecting a decrease of 9.7 points or 0.39%. The stock has underperformed its sector by 0.4% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 2.98%. Over the past week, the stock has decreased by 3.58%, while it has shown a modest gain of 6.68% over the past month. However, its performance over the past year is concerning, with a significant decline of 20.90%. Despite its strong long-term fundamentals, including a healthy return on equity of 24.35% and a low debt-to-equity ratio, the recent fall in investor participation, evidenced by a 61.27% drop in delivery volume, suggests waning interest among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.45% over the past week, Asian Paints' short-term performance is notably weaker. The stock's year-to-date performance shows a gain of 9.31%, which is significantly higher than the Sensex's 4.48%, indicating that while it has performed well in the longer term, recent trends are concerning. The high institutional holdings at 32.89% may provide some stability, as these investors typically have better resources for analyzing company fundamentals. However, the overall market sentiment appears to be affecting the stock negatively in the short term, contributing to its recent price decline.