Why is Ingersoll-Rand falling/rising?

As of 16-Jul, Ingersoll-Rand (India) Ltd is experiencing a decline in its stock price, currently at Rs 4,136.05, which reflects a decrease of Rs 107.9 or 2.54%. The stock has underperformed its sector by 2.05% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 4,133.25, indicating a drop of 2.61%. Over the past week, the stock has increased by 1.80%, but it has a year-to-date return of -0.91%. Despite these fluctuations, the company shows strong long-term fundamentals with an average Return on Equity (ROE) of 26.50% and a healthy operating profit growth rate of 32.67%. However, a notable decline in investor participation is evident, with delivery volume falling by 32.62% compared to the five-day average.
In the broader market context, while Ingersoll-Rand's stock has shown a positive return of 8.25% over the past month, the benchmark Sensex has only increased by 1.02% during the same period. This indicates that the stock has been performing relatively well in the short term compared to the market. However, the year-over-year performance shows a decline of 2.16% for Ingersoll-Rand, while the Sensex has gained 2.38%, suggesting that the stock is lagging behind the broader market over a longer timeframe. The liquidity of the stock remains adequate for trading, but the recent drop in delivery volume may signal a decrease in investor confidence, contributing to the current price decline.