Why is Linde India falling/rising?

As of 26-Aug, Linde India Ltd. is experiencing a price increase, currently at Rs 6,390.00, reflecting a rise of Rs 140.00 or 2.24%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 2.06%. It reached an intraday high of Rs 6,591.05, which is a 5.46% increase. Despite a slight decline of 0.08% over the past week and 1.54% over the past month, the stock has performed positively year-to-date with a return of 6.56%. However, it has faced challenges over the past year, with a return of -12.19%. The company maintains a low debt-to-equity ratio, which is favorable, but it also faces concerns regarding poor long-term growth, as evidenced by a modest annual net sales growth of 10.67% over the last five years and flat results in June.
In the broader market context, Linde India’s short-term performance has outpaced the Sensex, which has declined by 1.05% over the past week and 0.83% over the past month. This indicates that while the stock is rising, the overall market sentiment may be weaker. The stock's liquidity is adequate for trading, and there has been a significant increase in delivery volume, suggesting rising investor participation. However, the company’s valuation appears expensive relative to its peers, with a price-to-book value of 14.3 and a PEG ratio of 121.6, which could be a concern for long-term investors.