Why is Indigo Paints falling/rising?

As of 21-Jul, Indigo Paints Ltd is currently priced at Rs 1,199.60, reflecting a decrease of Rs 2.6 or 0.22%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, it has outperformed its sector by 0.27% today. Over the past week, the stock has shown a slight increase of 0.06%, while it has performed better over the past month with a return of 6.93%. However, the year-to-date performance remains negative at -14.76%, and the stock has seen a significant decline of -17.42% over the past year. Key positive factors include high management efficiency, a low debt-to-equity ratio, and strong quarterly results, which indicate a high return on equity and attractive valuation compared to peers. However, the stock's recent performance is tempered by falling investor participation and a decrease in delivery volume.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week and a marginal decrease of 0.25% over the past month, indicating that the stock's short-term performance is in line with the benchmark. However, the year-to-date performance of the Sensex is positive at 5.20%, contrasting sharply with Indigo Paints' negative returns. This suggests that while the stock has outperformed its sector today, its overall performance remains weak compared to the broader market trends, which may be contributing to investor caution.