Why is Asian Paints falling/rising?

As of 02-September, Asian Paints Ltd. is experiencing a decline in its stock price, currently at 2,536.90, which reflects a decrease of 34.2 points or 1.33%. Today's price summary indicates that the stock has underperformed its sector by 0.4% and has seen a trend reversal after three consecutive days of gains. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Asian Paints has shown a positive return of 1.99%, and over the past month, it has increased by 4.42%. However, it has faced a significant decline of 19.50% over the past year and 26.03% over the past three years. The company maintains strong long-term fundamentals, with an average return on equity of 24.35% and healthy net sales growth, but there has been a notable decrease in investor participation, with delivery volume falling by 48.82% against the 5-day average.
In the broader market context, while Asian Paints has outperformed the Sensex in the short term with a 1-week return of 1.99% compared to the benchmark's decline of 0.78%, the overall performance over the past year shows a stark contrast, with the stock down significantly while the Sensex has only decreased by 2.91%. The high institutional holdings at 32.89% suggest that informed investors still have confidence in the company's fundamentals, as their stake has increased by 5.08% over the previous quarter. However, the recent drop in stock price, coupled with falling investor participation, indicates a cautious sentiment among retail investors, which may be contributing to the current decline in stock value.