Why is Shalimar Paints falling/rising?

As of 17-Sep, Shalimar Paints Ltd. is experiencing a slight increase in its stock price, currently at Rs 73.45, reflecting a change of 0.25 or 0.34% upward. The stock is currently 4.67% away from its 52-week low of Rs 70.02. While the stock's performance today is in line with the sector, it has shown mixed results over different periods, with a year-to-date decline of 42.23% and a one-year decline of 49.13%. Notably, the stock is trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 231.44% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, Shalimar Paints' short-term performance has not matched the benchmark, with a 1-week return of -0.16% compared to the Sensex's gain of 1.56%. Over the past month, however, the stock has outperformed the benchmark with a return of 4.32% against the Sensex's 2.60%. Despite the recent uptick in price, the stock's long-term performance remains concerning, with substantial declines over the past three and five years compared to the benchmark's growth. This disparity suggests that while there may be short-term interest, the overall sentiment towards Shalimar Paints remains cautious given its historical performance.