Why is Asian Paints falling/rising?

As of 26-Aug, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,487.45, which reflects a decrease of 7.05 points or 0.28%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.25% during this period. Although the stock has outperformed its sector by 0.38% today, it has shown a negative trend over the past week with a return of -3.64%. In terms of longer-term performance, the stock has increased by 6.38% over the past month but has seen a significant decline of 21.37% over the past year. Despite these challenges, the company maintains strong long-term fundamentals, with a robust average Return on Equity (ROE) of 24.35% and a low Debt to Equity ratio, indicating financial stability.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by only 1.05% over the past week, Asian Paints' performance has been notably weaker. The stock's recent struggles may be attributed to falling investor participation, as evidenced by a 24.47% drop in delivery volume against the five-day average. However, the company benefits from high institutional holdings at 32.89%, which have increased by 5.08% over the previous quarter, suggesting that institutional investors still have confidence in its long-term potential. Despite the current price decline, Asian Paints remains the largest company in its sector, constituting a significant portion of the industry, which may provide some resilience against broader market fluctuations.