Why is Indigo Paints falling/rising?

As of 14-Jul, Indigo Paints Ltd is currently priced at 1,198.85, reflecting a slight increase of 0.45 (0.04%). The stock has shown a performance today that outperformed its sector by 1.67%. In terms of returns, over the past week, the stock has remained relatively flat with a change of -0.01%, while it has performed positively over the past month with a gain of 10.49%. Despite a year-to-date decline of 14.81%, the company has demonstrated high management efficiency with a return on equity (ROE) of 15.04% and a low debt-to-equity ratio. Recent positive financial results, including the highest quarterly net sales and operating profit margins, contribute to a very attractive valuation, as the stock trades at a discount compared to its peers.
In the broader market context, the Sensex has declined by 1.42% over the past week, indicating that Indigo Paints' performance is relatively strong compared to the benchmark. The stock's liquidity is adequate for trading, with a delivery volume increase of 3.49% against the 5-day average. Additionally, high institutional holdings at 29.15% suggest that informed investors are backing the stock, which may provide further stability and confidence in its future performance. Overall, while the stock has faced challenges over the longer term, its recent positive indicators and outperformance against the sector may be contributing to its current price movement.