Why is Indigo Paints falling/rising?

As of 30-Jul, Indigo Paints Ltd is experiencing a decline in its stock price, currently at 1,196.10, which reflects a decrease of 9.05 or 0.75%. The stock has underperformed its sector by 1.36% today, despite showing higher performance than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Over the past week, the stock has decreased by 0.40%, while it has shown a modest increase of 3.09% over the past month. However, the year-to-date performance is concerning, with a significant drop of 15.01%. Positive factors include a high management efficiency with a return on equity (ROE) of 15.04%, a low debt-to-equity ratio, and strong quarterly results indicating growth in profit after tax and net sales. Despite these positives, the stock has generated a negative return of 19.67% over the past year, which may contribute to investor caution.
In the broader market context, the Sensex has declined by 1.50% over the past week, indicating that the market sentiment is generally bearish. However, Indigo Paints' performance over the last month is better than the benchmark, which has fallen by 2.54%. The stock's liquidity appears adequate, with a delivery volume increase of 32.82% against the 5-day average, suggesting rising investor participation. Additionally, high institutional holdings at 30.99% may provide some stability, as these investors typically have more resources to analyze the company's fundamentals. Nonetheless, the overall negative return trends and the stock's underperformance relative to the sector may be influencing its current price decline.