Why is GE Vernova T&D falling/rising?

As of 25-Jul, GE Vernova T&D India Ltd is experiencing a decline in its stock price, currently at Rs 2,457.80, which represents a decrease of Rs 62.7 or 2.49%. Despite this drop, the stock has shown a positive trend over the past week and month, with returns of 3.99% and 3.70%, respectively. The stock is currently trading close to its 52-week high, just 4.57% away from Rs 2,570.2. However, it has underperformed its sector today by 0.68% and has seen a reversal in trend after four consecutive days of gains. The stock touched an intraday low of Rs 2,420.3, indicating some volatility. Notably, the company has strong fundamentals, including a low Debt to EBITDA ratio and impressive growth in net profit and operating profit, which could support its long-term performance despite the current price decline.
In the broader market context, GE Vernova T&D's recent performance contrasts with the Sensex, which has seen a slight decline of 0.36% over the past week. The stock's year-to-date return of 18.73% significantly outpaces the Sensex's 4.25%, highlighting its strong performance relative to the market. While the stock has demonstrated consistent returns over the past three years, its current valuation is considered expensive, which may contribute to the recent price drop. Additionally, the stock's high institutional holdings suggest that informed investors are backing the company, which may provide some stability despite the short-term fluctuations.