Why is Linde India falling/rising?

As of 24-Sep, Linde India Ltd. is experiencing a decline in its stock price, currently at 6,360.30, which reflects a decrease of 117.1 points or 1.81%. The stock has underperformed its sector by 0.31% today and has fallen after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 13.82% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has significantly underperformed, with a return of -25.43%, while its profits have only marginally increased by 0.1%. The company's low debt-to-equity ratio and the fact that majority shareholders are promoters do not seem to be enough to counteract the negative sentiment surrounding its recent performance.
In the broader market context, Linde India's short-term return over the past week is -1.62%, which is worse than the benchmark Sensex's decline of -1.18%. This underperformance is further highlighted by the company's poor long-term growth metrics, including a low return on capital employed (ROCE) of 16.21% and a price-to-book value ratio of 14.2, indicating an expensive valuation relative to its peers. The stock's performance has been particularly disappointing given that the overall market, represented by the BSE500, has only fallen by -5.32% over the past year. This stark contrast in performance suggests that investor confidence in Linde India is waning, contributing to the stock's current downward trajectory.