Why is Linde India falling/rising?

As of 22-Sep, Linde India Ltd. is experiencing a price increase, with its current price at 6,391.20, reflecting a rise of 64.75 or 1.02%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. Despite this uptick, Linde India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown mixed performance over various periods, with a year-to-date return of 6.58% compared to a decline of 21.84% over the past year. The company has a low debt-to-equity ratio, which is a positive factor, but it also faces challenges such as poor long-term growth and a high price-to-book value ratio, indicating it may be overvalued relative to its peers.
In the broader market context, Linde India's recent performance has outpaced its sector by 1.01%, although it has underperformed the benchmark Sensex over the past week, with a return of -1.91% compared to the Sensex's +0.46%. The stock's liquidity appears adequate, with a significant increase in delivery volume, suggesting rising investor participation. However, the company's flat results in recent quarters and low return on capital employed (ROCE) may contribute to investor caution. Overall, while the stock is currently rising, its long-term performance remains a concern, especially given its substantial decline over the past year compared to the broader market.