Why is Ingersoll-Rand falling/rising?

As of 21-Jul, Ingersoll-Rand (India) Ltd is experiencing a decline in its stock price, currently at 4,100.00, reflecting a decrease of 49.55 or 1.19%. The stock has underperformed its sector by 0.64% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 3.3%. Over the past week, the stock has decreased by 2.19%, while it has shown a modest gain of 8.81% over the past month. Despite its strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 26.50% and significant operating profit growth, the stock's recent performance is hampered by a high valuation and a flat result in March 2025, leading to a PEG ratio of 2.4. Additionally, a decline in investor participation, with a 29.68% drop in delivery volume, suggests waning interest among retail investors.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.06% over the past week, contrasting with Ingersoll-Rand's more significant drop. While the stock has shown strong long-term returns, outperforming the benchmark over three and five years, its year-to-date performance is down by 1.77% compared to the Sensex's gain of 5.20%. The recent increase in institutional investor participation, which has risen by 0.56% in the previous quarter, indicates a potential positive outlook; however, the overall market sentiment and the stock's current valuation challenges are contributing to its recent price decline.