Why is Cummins India falling/rising?

As of 11-Aug, Cummins India Ltd. is experiencing a slight increase in its stock price, currently at Rs 3,793.20, reflecting a change of 1.2 (0.03%) upwards. The stock has shown strong performance recently, gaining 6.43% over the last six days and outperforming the Sensex, which has declined by 0.51% over the past week. Additionally, Cummins India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock is also close to its 52-week high, just 3.52% away, and has seen a significant increase in delivery volume, suggesting rising investor participation. The company's strong fundamentals, including a healthy return on equity and consistent growth in net sales and operating profit, contribute positively to its recent price movement.
In the broader market context, Cummins India has outperformed the Sensex over various periods, including a 7.15% increase over the past month compared to the benchmark's decline of 2.30%. This outperformance highlights the stock's resilience in a challenging market environment. However, it is important to note that the stock is trading at a premium valuation compared to its peers, which may pose risks for future performance. Despite this, the high institutional holdings and consistent returns over the past three years bolster investor confidence, supporting the stock's upward trajectory.