Why is Ingersoll-Rand falling/rising?

As of 15-Jul, Ingersoll-Rand (India) Ltd is experiencing a price increase, currently at 4,243.95, which reflects a rise of 51.95 or 1.24%. The stock has been gaining for the last two days, with a total return of 2.3% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 52.74% compared to the 5-day average. The company showcases strong long-term fundamentals, with an average Return on Equity (ROE) of 26.50% and a healthy operating profit growth rate of 32.67% annually, contributing to positive sentiment around the stock.
In the broader market context, Ingersoll-Rand's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 1.36% over the past week, while the stock itself has risen by 4.92%. This contrast highlights the stock's resilience and attractiveness to investors amidst a challenging market environment. The company's low debt-to-equity ratio and majority ownership by promoters further bolster confidence in its stability and growth potential, reinforcing the stock's upward movement despite the mixed performance of the broader market.