Why is Ingersoll-Rand falling/rising?

As of 05-June, Ingersoll-Rand (India) Ltd is currently priced at 3,783.00, reflecting a decrease of 9.0 points or 0.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.39% during this period. Although it opened with a gain of 2.66% today and reached an intraday high of Rs 3892.95, the overall performance has been weak, with a significant drop in delivery volume by 73.38% compared to the five-day average. The stock's year-to-date performance shows a decline of 9.37%, contrasting sharply with the Sensex, which has gained 4.23% over the same period. Despite strong long-term fundamentals, including a healthy return on equity of 26.50% and low debt levels, the recent price movement indicates investor caution.
In the broader market context, Ingersoll-Rand's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.23% over the past week, while Ingersoll-Rand has dropped 6.05%. This underperformance may be attributed to falling investor participation and liquidity concerns, as evidenced by the reduced trading volume. While the company has demonstrated strong long-term growth potential, the recent trend suggests that market sentiment is currently unfavorable, leading to a decline in stock price despite its solid fundamentals.