Why is Linde India falling/rising?

As of 07-Aug, Linde India Ltd. is experiencing a price increase, currently at Rs 6,587.00, reflecting a rise of 129.95 (2.01%). Today's price summary indicates that the stock has outperformed its sector by 0.73% and has gained after two consecutive days of decline, reaching an intraday high of Rs 6,587. The stock's performance over the past week shows a slight increase of 0.02%, while it has a year-to-date return of 9.84%. However, despite this recent uptick, the company has faced challenges, including a low debt-to-equity ratio and poor long-term growth, with net sales growing at an annual rate of only 7.92% over the last five years. Additionally, the stock's valuation appears expensive compared to its peers, with a price-to-book value of 14.7.
Broader market context reveals that while Linde India has shown resilience in the short term, it has underperformed the market over the last year, with a return of -15.84% compared to the benchmark's negative return of -1.34%. This underperformance highlights the stock's struggles despite its recent gains. The overall market sentiment has been weak, as indicated by the Sensex's decline of 0.69% over the past week and 3.38% over the past month. The rising investor participation, as evidenced by increased delivery volume, may suggest a potential shift in sentiment, but the stock's long-term outlook remains uncertain due to its flat results and high valuation metrics.