Why is GE Vernova T&D falling/rising?

As of 18-Aug, GE Vernova T&D India Ltd's stock price is currently at Rs 2,825.00, reflecting a decrease of Rs 20.0 or 0.7%. The stock has experienced a decline over the past two days, with a total drop of 3.17% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 62.17% increase over the past year and a remarkable 2158.19% rise over the last three years. The company has recently hit a new 52-week high of Rs 2,960, indicating significant volatility. However, there has been a notable decrease in investor participation, with delivery volume dropping by 47.94% compared to the five-day average, which may contribute to the recent price decline. The company's strong fundamentals, including a low Debt to EBITDA ratio and consistent profit growth, suggest a robust financial position, but the high valuation metrics may also be causing some investor caution.
In the broader market context, GE Vernova T&D's short-term performance has outpaced the benchmark Sensex, which has seen a slight increase of 0.83% over the past week, compared to the stock's gain of 0.91%. However, the stock's recent two-day decline contrasts with its strong year-to-date performance of 36.47%, indicating that while the stock has been a strong performer overall, short-term fluctuations are occurring. The high institutional holdings at 41.25% reflect confidence among larger investors, yet the stock's very expensive valuation could be a concern for some investors, potentially leading to profit-taking after significant gains.