Why is Sirca Paints falling/rising?

As of 09-Jul, Sirca Paints India Ltd is experiencing a price increase, with its current price at Rs. 417.75, reflecting a rise of 5.65 (1.37%). The stock has reached a new 52-week high of Rs. 421 today and has shown strong performance, gaining 12.75% over the past week and 11.86% over the past month. It has consistently outperformed its sector by 0.93% today and has been on a gaining streak for the last five days. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. The company also boasts a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 63.34%. This combination of factors contributes to the stock's recent upward movement.
In the broader market context, Sirca Paints has significantly outperformed the benchmark Sensex, which has only increased by 0.15% over the past week and 1.32% over the past month. Year-to-date, Sirca Paints has generated a return of 23.38%, compared to the Sensex's 6.91%, and a remarkable 24.93% return over the past year against the market's 3.96%. This strong relative performance highlights the stock's attractiveness to investors, further driving its price increase amidst a generally stable market environment.