Why is Hitachi Energy falling/rising?

As of 05-Jun, Hitachi Energy India Ltd is currently priced at Rs 19,510.30, reflecting a decrease of Rs 297.0 or 1.5%. The stock has recently touched a new 52-week and all-time high of Rs 20,295 but has underperformed its sector by 1.92%. After two consecutive days of gains, the stock is experiencing a trend reversal, with intraday fluctuations showing a high of Rs 20,295 and a low of Rs 19,350. Despite this decline, the stock has shown impressive returns over various periods, including a 90.83% increase over the past year and a staggering 473.99% over the last three years. Positive factors include a low debt-to-equity ratio, consistent net profit growth, and increasing institutional investor participation, which collectively support a bullish outlook for the stock.
In the broader market context, Hitachi Energy's short-term performance has been notably strong, with a 2.91% increase over the past week, contrasting with a slight decline of 0.23% in the Sensex during the same period. This indicates that while the stock is currently facing a price drop, it has been outperforming the benchmark index in the short term. However, concerns about long-term growth, as indicated by lower annual growth rates in net sales and operating profit, along with a high price-to-book value ratio, may be contributing to the recent price decline. Overall, while the stock has shown strong historical performance, current market dynamics and investor sentiment appear to be influencing its recent downward movement.