Why is Cummins India falling/rising?

As of 05-Aug, Cummins India Ltd. is experiencing a price increase, currently at Rs 3,604.60, reflecting a rise of 38.4 points or 1.08%. The stock has shown strong performance today, outperforming its sector by 0.9%. Despite touching an intraday low of Rs 3,494.2, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 6.35% compared to the 5-day average. Over the past week, the stock has gained 2.06%, and it has outperformed the benchmark Sensex, which has declined by 0.77%.
In the broader market context, Cummins India's performance stands out, particularly with a year-to-date return of 9.90% compared to the Sensex's 3.29%. The stock's strong fundamentals, including a healthy average return on equity of 20.76% and a low debt-to-equity ratio, contribute to its appeal among investors. High institutional holdings at 40.14% further bolster confidence, as these investors typically possess greater analytical resources. Overall, the consistent returns over the last three years, coupled with robust operating profit growth, support the stock's upward movement in a challenging market environment.