Why is Indigo Paints falling/rising?

As of 07-Aug, Indigo Paints Ltd is currently priced at 1,216.30, reflecting a rise of 2.75 (0.23%). The stock has shown positive momentum, gaining for the last three days with a total return of 1.93% during this period. Additionally, it has outperformed its sector by 0.59%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 15.52% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into specific catalysts for this movement.
In the broader market context, Indigo Paints has outperformed the Sensex in the short term, with a 1-week return of +1.77% compared to the Sensex's -0.69%. This trend suggests that while the overall market may be experiencing some downward pressure, Indigo Paints is managing to attract investor interest and maintain a positive trajectory. However, it is important to note that the stock has underperformed over longer periods, with a year-to-date decline of -13.57% against the Sensex's +3.18%, indicating that while recent movements are positive, the stock has faced significant challenges in the past year.