Why is Sirca Paints falling/rising?

As of 08-Jul, Sirca Paints India Ltd is experiencing a price increase, currently at Rs. 412.10, which reflects a rise of Rs. 8.1 or 2.0%. The stock has recently hit a new 52-week high of Rs. 415.05 and has shown strong performance, gaining 11.23% over the last four days. It has outperformed its sector by 0.83% today and opened with a gain of 2.65%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 63.34%. Over the past year, the stock has generated a return of 21.73%, significantly outperforming the broader market.
In the broader market context, Sirca Paints has shown a remarkable short-term return of 10.03% over the past week, while the benchmark Sensex has only increased by 0.02%. This stark contrast highlights the stock's strong performance relative to the market. The stock's liquidity is also favorable, with a delivery volume that has surged by 616.87% compared to the 5-day average, indicating rising investor participation. Overall, the combination of strong recent performance, positive financial indicators, and increased investor interest contributes to the upward movement of Sirca Paints' stock price.