Why is Cummins India falling/rising?

As of 01-Aug, Cummins India Ltd. is currently priced at 3,552.70, reflecting a decrease of 14.15 points or 0.4%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 0.95% during this period. Despite this recent drop, the stock has shown positive performance over the past month, with a return of 6.12%, and it is trading above its moving averages across various time frames. However, there has been a notable decline in investor participation, as evidenced by a decrease in delivery volume by 11.75% compared to the five-day average. The company maintains strong long-term fundamentals, including a healthy return on equity of 20.76% and a low debt-to-equity ratio, which may support its valuation despite the recent price decline.
In the broader market context, Cummins India has outperformed the benchmark Sensex in the short term, with a weekly return of 0.93% compared to the Sensex's decline of 1.06%. This indicates that while the stock is currently facing some selling pressure, it has been relatively resilient compared to the overall market. Additionally, the stock's strong institutional holdings at 40.14% suggest that knowledgeable investors continue to support the company, which could provide a buffer against further declines. Overall, while the stock is experiencing a slight downturn, its long-term growth potential and institutional backing may contribute to its stability in the face of broader market challenges.