Why is Colgate-Palmoliv falling/rising?

As of 11-Aug, Colgate-Palmolive (India) Ltd is currently priced at Rs 2,213.05, reflecting a slight increase of 3.6 (0.16%). The stock has recently shown a trend reversal, gaining after two consecutive days of decline, although it remains close to its 52-week low, just 0.75% away. In terms of performance, the stock has underperformed its sector by 0.43% today and is trading below all key moving averages. Over the past year, it has generated a return of -36.04%, significantly underperforming the benchmark Sensex, which has gained 1.13%. The company's strong long-term fundamentals, indicated by a high average Return on Equity (ROE) of 74.04% and low Debt to Equity ratio, contrast with its recent negative financial results, including a decline in PAT and net sales.
In the broader market context, Colgate-Palmolive's short-term performance has been notably weaker than the Sensex, which has only declined by 0.51% over the past week compared to the stock's drop of 1.79%. This underperformance is further highlighted by the stock's negative returns over the last month and year, where it has fallen by 6.83% and 17.48%, respectively. The high institutional holdings at 30.01% suggest that informed investors are closely monitoring the stock, but the recent negative financial results and expensive valuation, with a Price to Book Value of 36.1, may be contributing to the cautious sentiment surrounding the stock.