Why is Berger Paints falling/rising?

As of 01-Jul, Berger Paints India Ltd is experiencing a price increase, with its current price at 593.85, reflecting a change of 4.15 (0.7%) upward. The stock has shown strong performance recently, gaining 7.58% over the past week and 4.47% over the last month. It has been on a consecutive gain streak for the last five days, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decline in investor participation, as evidenced by a 6.76% drop in delivery volume, the stock's strong long-term fundamentals, including an average Return on Equity (ROE) of 20.51% and a low Debt to Equity ratio, support its upward movement. Additionally, the stock is trading at a fair valuation compared to its peers, contributing to its market-beating performance with a 17.14% return over the past year.
In the broader market context, Berger Paints has outperformed the benchmark Sensex, which has only increased by 2.00% over the past week and 2.76% over the last month. The stock's year-to-date return of 32.41% significantly surpasses the Sensex's 7.11% increase, indicating strong relative performance. While the company has faced some challenges, such as flat results in its most recent quarterly earnings, the overall positive sentiment driven by its market position and financial strength continues to support its rising stock price.