Why is Linde India falling/rising?

As of 28-Jul, Linde India Ltd. is experiencing a slight decline in its stock price, currently at 6,488.50, reflecting a decrease of -1.35 or -0.02%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of -2.33%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 59.53% compared to the 5-day average. Over the past year, the stock has generated a return of -18.26%, significantly underperforming the market, which saw a decline of only -0.54%. The company's low debt-to-equity ratio and majority ownership by promoters are positive factors, but the stock's high valuation relative to its peers and poor long-term growth prospects, with net sales growing at only 7.92% annually over the last five years, contribute to its negative performance.
In the broader market context, Linde India's recent performance contrasts with the benchmark Sensex, which has declined by -1.59% over the past week. While Linde India has shown a year-to-date gain of +8.20%, its one-year return of -18.26% highlights a significant underperformance compared to the market's negative return of -2.52%. The company's flat results in March 2025, including the lowest recorded ROCE and cash equivalents, further exacerbate concerns about its growth potential. Overall, the combination of declining stock performance, high valuation metrics, and weak financial results suggests that Linde India is facing challenges that are impacting investor sentiment and contributing to its recent price decline.