Why is Linde India falling/rising?

As of 18-Nov, Linde India Ltd. is experiencing a decline in its stock price, currently at 5,710.00, with a change of -30.7, representing a decrease of 0.53%. The stock has been underperforming recently, having fallen for the last four consecutive days, resulting in a total decline of 1.67% during this period. Additionally, Linde India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -12.77%, significantly underperforming the market, which has seen a return of 8.30%. While the company has shown healthy long-term growth with an annual operating profit increase of 31.59%, it is facing challenges due to its high valuation, as indicated by a Price to Book Value of 12.2, which is considered expensive compared to its peers.
In the broader market context, Linde India's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.19% compared to the Sensex's gain of +0.96%. This underperformance is compounded by the stock's negative returns over the past month and year, highlighting a trend of declining investor confidence. Despite a rise in delivery volume, indicating increased investor participation, the stock's overall liquidity remains adequate for trading. The company's low debt-to-equity ratio and strong operating cash flow are positive indicators; however, the high PEG ratio of 6.3 suggests that the stock may be overvalued relative to its earnings growth, contributing to its recent price decline.