Why is Sirca Paints falling/rising?

As of 17-Sep, Sirca Paints India Ltd is currently priced at Rs 487.00, reflecting an increase of Rs 4.35 or 0.9%. The stock has shown strong performance recently, with a 5.18% increase over the past week and a 4.87% rise over the past month. It is also close to its 52-week high, just 0.99% away from Rs 491.8. Despite a notable decline in delivery volume by 42.81% against the 5-day average, the stock is trading above all key moving averages, indicating positive momentum. The company's financial health is underscored by a low debt-to-equity ratio and impressive growth in net sales and profit after tax over the last six months, which has likely contributed to the stock's upward movement. Additionally, increased participation from institutional investors, who now hold 5.19% of the company, suggests a growing confidence in its fundamentals.
Broader market context shows that while the BSE500 index has generated negative returns of -2.63% over the past year, Sirca Paints has significantly outperformed with a return of 38.12%. In the short term, the stock's 5.18% gain over the past week also surpasses the Sensex's 1.56% increase, indicating strong relative performance. This outperformance in both short-term and long-term metrics, coupled with positive institutional interest, positions Sirca Paints favorably in the current market environment.