Why is Indigo Paints falling/rising?

As of 07-Jul, Indigo Paints Ltd is currently priced at 1,199.00, reflecting a decrease of 2.1 or 0.17%. The stock has underperformed its sector today by 0.57% and has experienced a trend reversal, falling after four consecutive days of gains. Over the past week, the stock has shown a return of 3.34%, significantly outperforming the Sensex, which has declined by 0.20%. However, year-to-date, the stock is down 14.80%, contrasting with the Sensex's gain of 6.79%. Positive factors contributing to the stock's valuation include high management efficiency, a low debt-to-equity ratio, and strong quarterly results, with profit before tax and net sales showing substantial growth. Despite these positives, the stock's performance over the past year has been negative, with a return of -14.36% and a decline in profits by 3.2%.
In the broader market context, Indigo Paints' recent performance indicates a divergence from the benchmark, particularly in the short term, where it has outperformed the Sensex over the past week but lags behind on a year-to-date basis. The stock's liquidity appears adequate for trading, and rising investor participation, as indicated by increased delivery volume, suggests some interest despite the recent decline. The high institutional holdings at 29.15% may provide a stabilizing effect, as these investors typically have better resources to analyze the company's fundamentals. Overall, while there are positive indicators, the recent price drop reflects a market correction after a brief rally, compounded by the stock's longer-term underperformance relative to the broader market.