Why is Linde India falling/rising?

As of 10-Sep, Linde India Ltd. is experiencing a slight increase in its stock price, currently at 6,458.10, reflecting a change of 12.1, or 0.19% upward. The stock has shown mixed performance in recent periods, with a 1-week return of +0.20% and a 1-month return of +1.29%, although it has underperformed the sector by -0.32% today. The stock is trading higher than its 5-day and 20-day moving averages but lower than its longer-term moving averages (50-day, 100-day, and 200-day). Despite a rising investor participation indicated by a 7.45% increase in delivery volume, the company faces challenges such as poor long-term growth, a low return on capital employed (ROCE), and a high price-to-book value ratio, which suggests it is trading at a premium compared to its peers.
In the broader market context, Linde India has underperformed relative to the benchmark, with a 1-year return of -18.25% compared to the Sensex's -0.61%. While the stock has shown positive returns year-to-date at +7.69%, it still lags behind the benchmark's +4.21% over the same period. The company's flat results in recent quarters, including a significant decline in net sales and cash equivalents, contribute to investor concerns about its growth potential. Overall, while there are some positive indicators such as rising delivery volumes, the stock's long-term performance and valuation metrics suggest a cautious outlook.