Why is Linde India falling/rising?

As of 08-Aug, Linde India Ltd. is experiencing a decline in its stock price, currently at Rs 6,355.00, reflecting a decrease of Rs 232.0 or 3.52%. The stock has underperformed its sector by 1.5% today and has touched an intraday low of Rs 6,350, indicating a downward trend. Over the past week, the stock has fallen by 3.41%, and its performance over the last month shows a decline of 7.56%. Additionally, Linde India is trading below all its moving averages, which suggests a bearish sentiment among investors. Despite a low debt-to-equity ratio and rising investor participation, the company has faced challenges, including poor long-term growth and flat quarterly results, which have contributed to its recent price decline.
In the broader market context, Linde India’s performance contrasts with the benchmark Sensex, which has only declined by 0.92% over the past week. The stock's year-to-date return of 5.97% is positive, but it has significantly underperformed over the last year, with a return of -17.00% compared to the Sensex's modest gain of 1.23%. This underperformance, coupled with a high price-to-book value ratio and low return on capital employed, indicates that the stock is trading at a premium compared to its peers, further exacerbating investor concerns. Overall, the combination of weak financial indicators and a lack of growth momentum has led to the stock's current downward trajectory.