Why is Asian Paints falling/rising?

As of 05-Sep, Asian Paints Ltd. is currently priced at 2,578.90, reflecting an increase of 8.9 points or 0.35%. The stock has been gaining for the last three days, with a total return of 1.66% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 27.42% compared to the 5-day average. Despite this, the company demonstrates strong long-term fundamentals, including a healthy average return on equity of 24.35% and a low debt-to-equity ratio, which supports its recent price movement. Additionally, institutional holdings have increased by 5.08% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Asian Paints has outperformed the Sensex in the short term, with a 1-week return of 2.44% compared to the benchmark's 1.13%. This indicates that the stock is gaining traction relative to the overall market. While the stock has experienced a decline of 20.33% over the past year, its year-to-date performance shows a robust increase of 13.01%, significantly outpacing the Sensex's 3.29% gain. This combination of strong fundamentals and recent positive performance relative to the benchmark contributes to the stock's rising price.