Why is Cummins India falling/rising?

As of 13-Aug, Cummins India Ltd. is experiencing a price increase, with its current price at 3,792.05, reflecting a change of 36.05 or 0.96% upward. The stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has shown impressive returns over various periods, including a 4.26% increase over the past week and a 7.12% increase over the past month, while it has outperformed the benchmark Sensex, which has seen a slight decline of 0.01% in the same week. Despite a recent drop in investor participation, with delivery volume falling by 34.03% against the 5-day average, the stock's strong long-term fundamentals, such as a robust average Return on Equity (ROE) of 20.76% and significant growth in net sales and operating profit, contribute positively to its price movement.
In the broader market context, Cummins India's short-term performance stands in contrast to the Sensex, which has declined by 0.01% over the past week, while Cummins has gained 4.26%. The stock's high institutional holdings at 40.14% suggest confidence from larger investors, which can provide stability and support for the stock price. However, it is important to note that the stock is considered expensive with a Price to Book Value of 13.8, and while it has generated a return of 2.34% over the past year, its PEG ratio of 3 indicates that it may be overvalued relative to its earnings growth. This combination of strong fundamentals and potential valuation concerns creates a complex picture for investors considering Cummins India.