Why is Cummins India falling/rising?

As of 22-Aug, Cummins India Ltd. is experiencing a price increase, with its current price at Rs. 3,922.00, reflecting a rise of 31.55 points or 0.81%. The stock has recently hit a new 52-week high and has outperformed its sector by 0.28%. Over the past three days, Cummins India has gained 4.59%, and its performance over the last week shows a 3.75% increase, while it has achieved a remarkable 19.57% return year-to-date. The stock is also trading above all its moving averages, indicating strong momentum. Positive factors contributing to this rise include strong long-term fundamentals, with a healthy return on equity and significant growth in net sales and operating profit. Additionally, the company has a low debt-to-equity ratio and high institutional holdings, which further bolster investor confidence.
In the broader market context, Cummins India's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.88% over the same week. This contrast highlights the stock's strong relative strength in a market that has been less favorable overall. While the stock is trading at a premium compared to its peers, its consistent returns and strong fundamentals suggest that investors are willing to overlook its high valuation in favor of its growth potential. Overall, the combination of positive performance metrics, strong institutional backing, and favorable market conditions has contributed to the stock's upward movement.