Why is Berger Paints falling/rising?

As of 17-Jul, Berger Paints India Ltd is experiencing a rise in its stock price, currently at Rs 579.20, reflecting an increase of Rs 13.45 or 2.38%. The stock has shown strong performance today, outperforming its sector by 2% and achieving a consecutive gain over the last three days, with a total return of 3.99% during this period. It reached an intraday high of Rs 584, and is trading above all its moving averages, indicating positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 36.01% compared to the five-day average. The stock has generated a return of 11.60% over the past year, significantly outperforming the broader market, which has seen only a 0.26% return.
In the broader market context, while the Sensex has declined by 1.12% over the past week, Berger Paints has managed to achieve a slight gain of 0.14%, showcasing its resilience. The company benefits from strong long-term fundamentals, including a solid return on equity of 20.51% and a low debt-to-equity ratio, which supports its valuation. Despite some recent flat results in profit before tax and profit after tax, the stock remains attractive due to its fair valuation compared to peers and its significant market presence, constituting 19.25% of the sector. This combination of strong fundamentals and positive market performance contributes to the stock's upward movement.