Why is Linde India falling/rising?

As of 14-Aug, Linde India Ltd. is experiencing a slight decline in its stock price, currently at Rs 6,223.00, which reflects a decrease of 2.0 points or 0.03%. The stock has underperformed in the short term, with a 1-week return of -5.53% and a 1-month return of -9.02%. Today's trading performance indicates that it has outperformed its sector by 0.91%, but it is trading lower than all key moving averages, including the 5-day and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by nearly 50% compared to the 5-day average. The company's financials show a low debt-to-equity ratio, but it has faced challenges such as poor long-term growth, flat quarterly results, and a high price-to-book value, contributing to the stock's recent struggles.
In the broader market context, Linde India has underperformed compared to the benchmark, with a 1-year return of -13.08% against the BSE500's negative return of -0.57%. This significant disparity highlights the stock's challenges in maintaining investor confidence and achieving growth relative to the market. The company's recent financial results, including the lowest recorded net sales and cash equivalents, further exacerbate its valuation concerns, making it appear expensive compared to its peers. Overall, the combination of declining investor interest, poor financial performance, and high valuation metrics has led to the stock's recent downward movement.