Why is Sirca Paints falling/rising?

As of 11-Sep, Sirca Paints India Ltd is currently priced at 459.45, reflecting a decline of 3.55 points or 0.77%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.48%. It has also underperformed its sector by 1.68% today. Despite this recent downturn, the stock has shown strong performance year-to-date with a gain of 35.69%, and over the past year, it has increased by 32.41%. The company has a low debt-to-equity ratio, and recent financial results indicate significant growth in net sales and profit after tax, which may support its long-term value. Additionally, there has been an increase in institutional investor participation, suggesting confidence in the company's fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.03% over the past week and 1.17% over the past month. The stock's short-term returns have lagged behind the benchmark, indicating a divergence in performance. While the stock has outperformed the broader market over the longer term, the recent price decline may reflect short-term market pressures or profit-taking among investors, especially given the stock's recent high performance relative to the market.