Why is Ingersoll-Rand falling/rising?

As of 08-Aug, Ingersoll-Rand (India) Ltd is experiencing a decline in its stock price, currently at Rs 3,609.00, reflecting a decrease of Rs 67.0 or 1.82%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 4.34% during this period. Despite opening with a gain of 6.09% today and reaching an intraday high of Rs 3,899.9, the stock also touched a low of Rs 3,585, indicating high volatility with an intraday fluctuation of 7.7%. Over the past week, the stock has underperformed the Sensex, with a return of -4.43% compared to the benchmark's -0.92%. Additionally, the stock has shown a significant decline of 10.78% over the past month, while its year-to-date performance is down by 13.54%.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 2.20% year-to-date. While the stock has strong long-term fundamentals, including a healthy return on equity and low debt-to-equity ratio, it has struggled in the short term. However, there is a positive note with increasing participation from institutional investors, who have raised their stake by 0.56%, indicating confidence in the company's long-term prospects. Despite this, the overall market sentiment, particularly in the Compressors/Pumps sector, which has declined by 3.05%, may be contributing to the stock's current downward trajectory.