Why is GE Vernova T&D falling/rising?

As of 19-Aug, GE Vernova T&D India Ltd is experiencing a decline in its stock price, currently at Rs 2,821.00, which reflects a decrease of 4.0 points or 0.14%. The stock has been losing value for the last three days, resulting in a total drop of 3.31% during this period. Despite this recent downturn, the company has shown strong performance over the longer term, with a 36.28% increase year-to-date and a remarkable 56.55% rise over the past year. The stock is currently 4.93% away from its 52-week high and is performing in line with its sector. However, there has been a notable decrease in investor participation, with delivery volume falling by 34.41% compared to the five-day average, which may contribute to the recent price decline.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 1.76% over the past week, while GE Vernova T&D has only increased by 0.92%. Despite the recent price drop, the company maintains a strong financial position with a low Debt to EBITDA ratio and impressive growth metrics, including a 116.44% increase in net profit and consistent positive results over the last nine quarters. However, the stock is considered expensive with a high Price to Book Value ratio, which could be a factor in the current selling pressure. Overall, while the company has solid fundamentals and long-term growth potential, the recent decline in stock price may be influenced by short-term market dynamics and reduced trading activity.