Why is Berger Paints falling/rising?

As of 09-Jul, Berger Paints India Ltd is currently priced at 584.95, reflecting an increase of 2.55 or 0.44%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent drop in investor participation, with delivery volume decreasing by 10.24% against the five-day average, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of 13.86%, significantly outperforming the broader market, which has seen a return of only 1.43%. The company's strong long-term fundamentals, including a solid return on equity of 20.51% and a low debt-to-equity ratio, contribute positively to its valuation, making it attractive compared to its peers.
In the broader market context, the stock's performance over the past week has been slightly negative at -2.18%, while the benchmark Sensex has increased by 0.15%. However, on a monthly basis, Berger Paints has outperformed the Sensex, with a return of 2.38% compared to the benchmark's 1.32%. Despite some recent flat results in profitability, the company's strong market position, accounting for 19.25% of the sector, and its fair valuation relative to historical averages suggest that the stock may have room for growth, contributing to its current upward movement.