Why is Berger Paints falling/rising?

As of 12-Nov, Berger Paints India Ltd is experiencing a price increase, currently at Rs 559.60, reflecting a rise of Rs 13.3 or 2.43%. The stock has shown positive momentum, gaining 5.18% over the last three days, although it underperformed its sector by 1.13% today. It has also outperformed the benchmark Sensex over the past week and month, with returns of 4.11% and 4.52%, respectively. Despite a recent decline in investor participation, as indicated by a 26.21% drop in delivery volume, the stock is trading above its moving averages, suggesting a bullish trend. The company's strong long-term fundamentals, including a healthy return on equity and low debt levels, contribute positively to its valuation, despite a slight decline in profits over the past year.
Broader market context indicates that while Berger Paints has performed well in the short term, its returns have been lower than the benchmark Sensex over the three-year period, where the Sensex has outpaced the stock with a return of 36.69% compared to Berger's 12.77%. However, the overall performance of the paints sector has been strong, with a gain of 3.56%, which may provide a supportive backdrop for Berger Paints' price movement. The stock's current valuation is considered fair compared to its peers, which may attract investors looking for growth opportunities in a sector that constitutes a significant portion of the market.