Why is Linde India falling/rising?

As of 30-Jul, Linde India Ltd. is experiencing a price increase, with its current price at 6,605.00, reflecting a change of 38.95 (0.59%) upward. The stock has been gaining for the last two days, resulting in a total return of 1.8% during this period. However, it has underperformed its sector by 0.27%. In terms of longer-term performance, the stock has shown a year-to-date return of 10.14%, significantly outperforming the Sensex, which has returned 4.28%. Despite this, the stock has underperformed over the past year with a decline of 17.44%, while the broader market has remained relatively flat with a return of 0.03%. The company has a low debt-to-equity ratio, which is a positive factor, but it also faces challenges such as poor long-term growth and a high valuation compared to its peers.
Broader Market Context: The stock's recent performance contrasts with the broader market, as it has outperformed the Sensex in the year-to-date period but has significantly lagged over the past year. While the Sensex has declined by 2.54% over the last month, Linde India has seen a slight decrease of 0.92%. The stock's liquidity remains adequate for trading, but there has been a notable decline in investor participation, with delivery volume falling by 16.33% against the five-day average. This decline in participation, coupled with the company's flat results and high valuation metrics, suggests that while there may be short-term gains, the long-term outlook remains uncertain, contributing to the stock's mixed performance in the market.