Why is Sirca Paints falling/rising?

As of 15-Jul, Sirca Paints India Ltd is currently priced at Rs 413.35, reflecting a decrease of Rs 5.6 or 1.34%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total decline of 2.7%. Despite this short-term dip, the stock has shown a positive performance over the past month, with a return of 7.66%, and a significant year-to-date increase of 22.08%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 63.34%. These factors suggest that while the stock is currently experiencing a decline, its fundamentals remain strong.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts with the Sensex, which has declined by 1.36% over the past week. Although Sirca Paints has underperformed its sector today by 1.31%, its overall returns over the past year of 17.16% significantly outpace the market's return of 2.36%. This indicates that while the stock is facing short-term challenges, it has been able to deliver substantial returns compared to the broader market, suggesting resilience in its performance relative to market conditions.