Why is Ingersoll-Rand falling/rising?

As of 17-Jul, Ingersoll-Rand (India) Ltd's stock price is rising, currently at 4,240.00, reflecting an increase of 103.95 or 2.51%. The stock has shown strong performance today, outperforming its sector by 1.81% and reaching an intraday high of Rs 4273.25, which is a 3.32% increase. Over the past week, the stock has risen by 1.49%, and it has demonstrated impressive long-term growth with a 3-year return of 160.19%. The company maintains strong fundamentals, with a high average Return on Equity (ROE) of 26.50% and consistent operating profit growth of 32.67% annually. However, there is a noted decline in investor participation, with delivery volume falling by 14.67% against the 5-day average.
In the broader market context, while Ingersoll-Rand has outperformed the Sensex, which has declined by 1.12% over the past week, the stock's year-to-date performance of 1.58% lags behind the Sensex's 5.27% increase. Despite this, the stock has consistently outperformed the BSE500 over the last three years, indicating strong relative strength. The stock's valuation is considered expensive with a Price to Book Value of 20.9, and while it has generated modest returns over the past year, its profits have increased significantly, suggesting potential for future growth.