Why is Sirca Paints falling/rising?

As of 29-Sep, Sirca Paints India Ltd is currently priced at Rs 478.80, reflecting a decrease of Rs 4.5 or 0.93%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 5.55%. Today's trading saw the stock touch an intraday low of Rs 469.45, indicating a significant drop of 2.87%. Despite this short-term decline, the stock has shown a positive performance over the past month with a return of 3.48%, and a remarkable year-to-date increase of 41.41%. The company's low debt-to-equity ratio and positive financial results from June, including a 22.3% growth in net sales, suggest a solid underlying business, which may support its long-term value despite the recent price drop.
In the broader market context, the stock's recent performance is slightly better than the benchmark Sensex, which has declined by 2.18% over the past week. However, the stock's performance over the past year has been impressive, generating a return of 40.14% while the broader market has faced a downturn of 6.08%. The increase in institutional investor participation, with a 2.48% rise in their stake, indicates growing confidence in the company's fundamentals, which may help stabilize the stock in the face of recent volatility. Overall, while the stock is currently experiencing a decline, its strong historical performance and positive investor sentiment suggest potential for recovery.