Why is Cummins India falling/rising?

As of 27-Oct, Cummins India Ltd. is experiencing a positive price movement, with its current price at Rs. 4,312.90, reflecting an increase of Rs. 128.55 or 3.07%. The stock has been gaining for the last three days, with a total return of 7.82% during this period. It recently hit a new 52-week high of Rs. 4,323.85 and is trading above all key moving averages, indicating strong momentum. The company has demonstrated robust long-term fundamentals, including a healthy average return on equity of 20.76% and significant growth in net sales and operating profit. Additionally, high institutional holdings at 40.14% suggest confidence from knowledgeable investors, further supporting the stock's upward trajectory.
In the broader market context, Cummins India has outperformed the Sensex, with a one-week return of 7.70% compared to the benchmark's 0.49%. Over the past month, the stock has gained 9.24%, while the Sensex has risen by 5.41%. This consistent outperformance over various time frames, including a year-to-date return of 31.49% against the Sensex's 8.50%, highlights the stock's strong position in the market. Despite its high valuation and premium compared to peers, the positive investor sentiment and strong sector performance, particularly in diesel engines, contribute to the stock's rising price.