Why is Cummins India falling/rising?

As of 22-Jul, Cummins India Ltd. is experiencing a decline in its stock price, currently at 3,590.00, which reflects a decrease of 18.5 points or 0.51%. Today's price summary indicates that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in the longer term. However, there has been a notable drop in investor participation, with delivery volume falling by 31.32% compared to the 5-day average. Despite a year-to-date return of 9.45%, the stock has generated a modest return of -0.35% over the past year, indicating some volatility. The company's strong long-term fundamentals, characterized by a healthy average return on equity (ROE) of 20.76% and significant institutional holdings at 40.15%, support its valuation, although it is currently considered expensive relative to its peers.
In the broader market context, Cummins India's short-term performance over the past week shows a gain of 0.42%, contrasting with a slight decline of 0.47% in the Sensex. This indicates that while the stock is performing better than the benchmark in the short term, the overall market sentiment may be affecting its price negatively. The company's flat results in March and a high price-to-book value ratio suggest that investors may be cautious, despite the company's strong fundamentals and growth potential. The combination of falling investor participation and high valuation metrics may be contributing to the recent decline in stock price.