Why is Hitachi Energy falling/rising?

As of 25-Jun, Hitachi Energy India Ltd is experiencing a price increase, currently at Rs 19,633.25, reflecting a rise of Rs 383.25 or 1.99%. The stock has shown strong performance recently, gaining 6.76% over the last four days and outperforming its sector by 1.55%. It is also close to its 52-week high, just 3.37% away from Rs 20,295. The stock has consistently outperformed the benchmark Sensex, with a 1-week return of 6.54% compared to the Sensex's 1.61%, and a year-to-date return of 36.62% against the Sensex's 5.91%. Positive factors contributing to this rise include a low debt-to-equity ratio of 0.07, a significant net profit growth of 33.86%, and consistent positive results over the last five quarters. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, Hitachi Energy's recent performance is notably strong compared to the benchmark, particularly in the short term, where it has outpaced the Sensex significantly. The stock's liquidity remains adequate, with a trading value that supports its market activity. However, there are concerns regarding long-term growth, as net sales have only grown at an annual rate of 9.55% over the last five years, and the stock's valuation appears expensive with a price-to-book value of 20.8. Despite these risks, the stock's ability to generate substantial returns over the past year and its consistent performance against the BSE 500 contribute to its current upward momentum.