Why is Sirca Paints falling/rising?

As of 07-Jul, Sirca Paints India Ltd is experiencing a price increase, currently at Rs. 404.00, reflecting a rise of Rs. 20.3 or 5.29%. The stock has recently hit a new 52-week high of Rs. 409.6 and has outperformed its sector by 4.89%. Over the past three days, the stock has gained 9.04%, indicating strong momentum. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown healthy long-term growth with an annual operating profit increase of 63.34%, although its profits have fallen by 4.6% over the past year. The stock is trading at a premium compared to its peers, but its low debt-to-equity ratio and fair valuation suggest stability.
In the broader market context, Sirca Paints has outperformed the benchmark, with a 1-week return of 6.46% compared to the Sensex's slight decline of 0.20%. Over the past month, the stock has risen by 10.08%, while the Sensex has increased by 1.53%. This strong performance is indicative of rising investor participation, as evidenced by a significant increase in delivery volume. Overall, the stock's recent gains can be attributed to its robust performance metrics and favorable market conditions, positioning it well against the broader market trends.