Why is Ingersoll-Rand falling/rising?

As of 10-Jul, Ingersoll-Rand (India) Ltd is experiencing a price increase, currently at Rs 4,177.55, reflecting a rise of 114.55 or 2.82%. The stock has shown strong performance recently, outperforming its sector by 0.79% today and achieving a consecutive gain over the last two days with a total return of 2.43%. Additionally, the stock has performed well over the past week, with a return of 5.68%, and over the past month, it has increased by 8.61%. The stock is currently trading above all its moving averages, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume dropping by 20.23% compared to the five-day average. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 26.50% and healthy operating profit growth, which supports its recent price movement.
In the broader market context, while Ingersoll-Rand has shown a significant short-term return, the benchmark Sensex has remained relatively flat, with a slight decline of 0.06% over the past week. This contrast highlights the stock's strong performance against a backdrop of a stagnant market. Despite the positive short-term trends, the year-to-date performance of Ingersoll-Rand is relatively flat at 0.09%, compared to the Sensex's gain of 6.46%, indicating that while the stock is currently rising, it has faced challenges over a longer timeframe, particularly over the past year where it has declined by 5.45% against the benchmark's increase.