Why is GE Vernova T&D falling/rising?

As of 20-Aug, GE Vernova T&D India Ltd is experiencing a decline in its stock price, currently at 2,797.45, reflecting a decrease of 23.55 points or 0.83%. The stock has underperformed its sector by 0.55% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.12% over that period. Despite a strong performance in the longer term, with a 35.14% increase year-to-date and a remarkable 54.38% rise over the past year, the recent price movement indicates a short-term struggle. The stock's delivery volume has also significantly decreased, falling by 52.28% against the five-day average, which suggests a reduction in investor participation.
In the broader market context, while the Sensex has gained 1.64% over the past week, GE Vernova's recent performance contrasts sharply with this positive benchmark. The stock's higher moving averages indicate a generally favorable long-term trend, yet its current valuation appears expensive with a Price to Book Value ratio of 40.4. Although the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio and consistent profit growth, the recent price decline may reflect investor caution amid high valuations and reduced trading activity.