Why is Berger Paints falling/rising?

As of 24-Jul, Berger Paints India Ltd is experiencing a price increase, currently at 580.00, reflecting a change of 5.2 (0.9%) upward. The stock has shown a positive performance today, outperforming its sector by 1.34%, and has been on a consecutive gain for the last three days, rising 2.47% during this period. Despite opening with a loss of 2.11% and touching an intraday low of Rs 562.7, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 61.23% against the 5-day average. The stock's strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 20.51% and a low Debt to Equity ratio, contribute positively to its valuation, despite some recent flat results in profit before tax and profit after tax.
In the broader market context, Berger Paints has outperformed the Sensex over the past week, with a return of 0.14% compared to the benchmark's decline of 0.09%. Over the past month, the stock has increased by 5.07%, while the Sensex has only risen by 0.16%. Year-to-date, Berger Paints has achieved a remarkable return of 29.32%, significantly higher than the Sensex's 5.18%. This strong performance, coupled with its position as the second-largest company in the sector and its substantial market capitalization, reinforces investor confidence, despite the recent drop in delivery volumes and some quarterly profit declines.