Why is Cummins India falling/rising?

As of 24-Sep, Cummins India Ltd. is experiencing a decline in its stock price, currently at Rs 3,990.80, reflecting a decrease of Rs 9.7 or 0.24%. The stock's performance today is in line with its sector, but it is noteworthy that it is 4.38% away from its 52-week high of Rs 4,165.6. Over the past week, the stock has decreased by 3.20%, although it has shown a positive return of 1.75% over the last month. The stock has demonstrated strong long-term fundamentals, with an average Return on Equity (ROE) of 20.76% and significant growth in net sales and operating profit. However, the stock is perceived as expensive, trading at a premium compared to its peers, which may be contributing to the recent price decline.
In the broader market context, Cummins India has outperformed the Sensex over various time frames, including a year-to-date return of 21.67% compared to the Sensex's 4.58%. Despite this strong performance, the stock's recent drop can be attributed to falling investor participation, with delivery volume decreasing significantly by 53.11% against the 5-day average. This decline in trading activity may indicate waning investor interest, which could be a factor in the stock's current price movement. Overall, while the company has solid fundamentals and institutional backing, the high valuation and reduced trading volume may be influencing the stock's recent downward trend.