Why is GE Vernova T&D falling/rising?

As of 04-Sep, GE Vernova T&D India Ltd's stock price is currently at 2,712.35, reflecting a decline of 108.85 points or 3.86%. Today's price summary indicates that the stock underperformed its sector by 3.11%, reaching an intraday low of Rs 2700, which represents a drop of 4.3%. The stock has shown mixed performance over various periods, with a 1-week increase of 1.17% but a 1-month decline of 2.23%. Despite a strong year-to-date return of 31.03% and impressive long-term growth metrics, including a 66.81% return over the past year, the recent price movement suggests a short-term weakness possibly influenced by falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.37% over the past month. While GE Vernova T&D has demonstrated strong fundamentals, such as a low Debt to EBITDA ratio and consistent profit growth, its high valuation metrics, including a Price to Book Value of 39.3, may be causing some investor caution. The stock's high institutional holdings indicate confidence from knowledgeable investors, yet the recent price drop could reflect market corrections or profit-taking after substantial gains in previous periods.