Why is Sirca Paints falling/rising?

As of 28-Oct, Sirca Paints India Ltd is experiencing a price increase, currently trading at Rs 510.00, which reflects a rise of Rs 7.45 or 1.48%. The stock has shown strong performance, with a 1-week return of 2.78% and a 1-month return of 5.52%. It is also close to its 52-week high, just 2.35% away from Rs 522. Despite a recent trend reversal after two days of decline, the stock is trading above all key moving averages, indicating a positive momentum. Additionally, the company has reported impressive financial growth, with net sales increasing by 33.42% and profit after tax growing by 24.60% over the last six months. The increase in institutional investor participation, which has risen by 2.48% in the last quarter, further supports the stock's upward movement.
In the broader market context, Sirca Paints has significantly outperformed the benchmark, with a 1-year return of 64.09% compared to the BSE500's return of only 4.71%. This strong performance relative to the market highlights the stock's attractiveness to investors. However, it is worth noting that there has been a decline in delivery volume, which fell by 39.1% against the 5-day average, indicating a potential concern regarding investor participation. Nonetheless, the overall market-beating performance and positive financial results contribute to the stock's rising price trend.