Why is Sirca Paints falling/rising?

As of 19-Aug, Sirca Paints India Ltd is currently priced at Rs 464.80, reflecting a decrease of Rs 5.0 or 1.06%. The stock has recently experienced a trend reversal, falling after seven consecutive days of gains. It is currently trading 2.1% away from its 52-week high of Rs 474.55. Despite this decline, the stock has shown strong performance over the past month, with a return of 10.67%, and an impressive year-to-date return of 37.27%. The company has also reported positive financial results, including a 22.3% growth in net sales and a high operating profit margin, which may have contributed to the stock's previous upward momentum. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
Broader market context shows that while Sirca Paints has underperformed its sector by 0.77% today, it has significantly outperformed the broader market, with a one-year return of 41.66% compared to the BSE500's negative return of -0.91%. This suggests that despite the current decline, the stock has been resilient and has attracted investor interest, particularly from institutional investors who are better equipped to analyze the company's performance. The overall market has seen a positive return of 1.76% over the past week, which contrasts with Sirca Paints' recent price movement, indicating that the stock's decline may be more related to profit-taking after a strong rally rather than broader market weakness.