Why is Ingersoll-Rand falling/rising?

As of 19-Aug, Ingersoll-Rand (India) Ltd is experiencing a decline in its stock price, currently at 3,604.65, which reflects a decrease of 8.45 points or 0.23%. The stock has underperformed its sector by 0.95% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has seen a significant drop of 13.13%, while its year-to-date performance shows a decline of 13.64%. Despite strong long-term fundamentals, including a robust average Return on Equity (ROE) of 30.07% and healthy growth in operating profit, the company reported negative results in its latest quarter, which has negatively impacted investor sentiment.
In the broader market context, the Sensex has increased by 1.76% over the past week, contrasting sharply with Ingersoll-Rand's minimal gain of 0.05% during the same period. This disparity highlights the stock's underperformance relative to the benchmark. Additionally, while institutional investors have increased their stake in the company, the overall market reaction to the recent poor financial results has overshadowed these positive developments, contributing to the stock's decline. The company's high valuation, indicated by a Price to Book Value of 18.8, further complicates its attractiveness to investors, especially in light of its recent profit growth not translating into stock price appreciation.