Why is Linde India falling/rising?

As of 22-Aug, Linde India Ltd. is experiencing a decline in its stock price, currently at Rs 6,315.10, which reflects a decrease of Rs 40.4 or 0.64%. The stock has traded within a narrow range today and is performing in line with its sector. While it is above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance over various periods, with a 1-week increase of 1.48% but a 1-month decline of 4.40%. Additionally, the company has a low debt-to-equity ratio, but its long-term growth prospects appear poor, with net sales growing at only 10.67% annually over the last five years. The stock's valuation is considered expensive compared to its peers, contributing to its recent downward movement.
In the broader market context, Linde India has underperformed relative to the benchmark, with a 1-year return of -13.29% compared to the BSE500's -2.49%. This significant underperformance indicates that investor sentiment towards the stock is weak, especially given its flat results in June and a high PEG ratio of 120.1. The falling investor participation, as evidenced by a 24.85% drop in delivery volume, further suggests a lack of confidence among traders. Overall, while the stock has shown some short-term resilience, the combination of poor long-term growth prospects, high valuation, and underperformance against the market is driving its current decline.