Why is Indigo Paints falling/rising?

As of 10-Jul, Indigo Paints Ltd is currently priced at 1,201.55, reflecting a slight increase of 2.0 (0.17%). The stock has outperformed its sector today by 1.81%, although it has shown a decline in investor participation, with a delivery volume that has fallen by 38.5% compared to the 5-day average. Over the past week, the stock has increased by 0.19%, while it has gained 7.18% over the past month. Despite these positive short-term movements, the stock has experienced a significant decline of 21.90% over the past year, with profits down by 3.2%. The company boasts a high management efficiency with a return on equity (ROE) of 15.04% and a low debt-to-equity ratio, which contributes to its attractive valuation, trading at a discount compared to peers.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, while Indigo Paints has managed to rise, indicating a relative strength against the benchmark. However, the year-to-date performance reveals a stark contrast, with Indigo Paints down 14.62% compared to the Sensex's gain of 6.46%. The high institutional holdings at 29.15% suggest that knowledgeable investors are backing the stock, which may provide some stability despite its recent volatility. Overall, while the stock is currently experiencing a minor uptick, its longer-term performance remains concerning relative to the broader market trends.