Why is Sirca Paints falling/rising?

As of 19-Sep, Sirca Paints India Ltd is experiencing a price increase, currently at Rs. 490.00, reflecting a change of 1.65 (0.34%) upwards. The stock has recently hit a new 52-week high of Rs. 497.3 and has outperformed its sector by 0.45%. Over the last three days, the stock has gained 1.52%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company reported strong quarterly results with net sales growing by 22.3% and the highest operating profit margin recorded. Institutional investors have also increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Sirca Paints has significantly outperformed the benchmark, with a 1-week return of +5.82% compared to the Sensex's +0.88%, and a year-to-date return of +44.71% against the benchmark's +5.74%. Despite a recent decline in delivery volume, which fell by 49.16% against the 5-day average, the stock remains liquid enough for trading. The overall market has faced challenges, with the BSE500 showing negative returns of -1.96% over the past year, highlighting Sirca Paints' strong performance amidst broader market difficulties.