Why is Indigo Paints falling/rising?

As of 08-Jul, Indigo Paints Ltd is currently priced at Rs 1,202.00, reflecting an increase of Rs 3.0 or 0.25%. The stock has shown a positive performance over the past week with a return of +1.96%, although it has underperformed its sector by -0.92% today. The stock has traded within a narrow range of Rs 9.4 and is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average. Despite a high management efficiency indicated by a return on equity (ROE) of 15.04% and a low debt-to-equity ratio, the stock has faced challenges with a year-to-date return of -14.59% and a 1-year return of -13.66%. Positive quarterly results, including significant growth in profit before tax and net sales, suggest potential for recovery, but the stock's overall performance remains under pressure due to falling investor participation and a decline in delivery volume.
In the broader market context, Indigo Paints has outperformed the Sensex over the past week but lags behind in the longer term, with a year-to-date return of -14.59% compared to the Sensex's +7.13%. The stock's high institutional holdings at 29.15% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the stock's recent performance indicates a struggle to attract retail investors, which could be a contributing factor to its current price movement. Overall, while there are positive indicators such as management efficiency and attractive valuations, the stock's recent trends and broader market performance suggest a cautious outlook.