Why is Hitachi Energy falling/rising?

As of 12-Jun, Hitachi Energy India Ltd is experiencing a decline in its stock price, currently at Rs 16,980.00, which reflects a decrease of Rs 540.0 or 3.08%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 14.27% during this period. Additionally, it touched an intraday low of Rs 16,884.6, indicating significant selling pressure. While the stock has shown strong performance over the longer term, with a 61.97% increase in the past year, recent trends suggest a downturn, particularly as it has underperformed its sector by 0.63%. The company's positive financial results, including a 33.86% growth in net profit and consistent returns over the last three years, are overshadowed by poor short-term performance and declining investor participation, as evidenced by a 26.02% drop in delivery volume.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.31% over the past week. Despite Hitachi Energy's impressive year-to-date return of 18.15%, the current decline highlights concerns about its long-term growth prospects, with net sales growing at only 9.55% annually over the last five years. The stock's high valuation, indicated by a Price to Book Value ratio of 18 and a relatively low return on equity of 9.1, may also be contributing to investor caution. Furthermore, the capital goods sector has seen a decline of 2.47%, reflecting broader market challenges that may be impacting investor sentiment towards Hitachi Energy.