Why is Berger Paints falling/rising?

As of 05-Aug, Berger Paints India Ltd is experiencing a price increase, with its current price at 572.00, reflecting a change of 2.35 (0.41%) upward. The stock has outperformed its sector by 1.4% today and has shown consecutive gains over the last three days, rising by 1.6% during this period. Despite a recent decline of 4.00% over the past month, the stock has performed well year-to-date with a return of 27.54%. The company boasts strong long-term fundamentals, including an average Return on Equity (ROE) of 20.51% and a low Debt to Equity ratio of 0.08 times, which supports its fair valuation and attractiveness compared to peers.
In the broader market context, while the Sensex has declined by 0.77% over the past week, Berger Paints has managed a slight increase of 0.18%, indicating relative strength against the benchmark. However, it is important to note that investor participation has decreased, with delivery volume falling by 30.17% compared to the five-day average. This decline in participation could pose a risk to sustained price increases. Overall, the stock's recent performance is bolstered by its solid fundamentals and favorable valuation, despite some short-term volatility and reduced trading activity.