Why is Hitachi Energy falling/rising?

As of 27-Jun, Hitachi Energy India Ltd is experiencing a price increase, currently at Rs 19,939.00, reflecting a rise of Rs 526.0 or 2.71%. The stock has shown strong performance, being only 1.79% away from its 52-week high and outperforming its sector by 2.48% today. It has consistently outperformed the benchmark Sensex, with a 1-week return of 6.47%, a 1-month return of 15.92%, and a year-to-date return of 38.74%. The company has reported positive financial results, including a 33.86% growth in net profit and a significant increase in net sales, which has contributed to investor confidence. Additionally, institutional investors have increased their stake, indicating a positive outlook on the company's fundamentals.
In the broader market context, Hitachi Energy's short-term performance has significantly outpaced the Sensex, which has only gained 2.00% over the past week. This strong relative performance highlights investor confidence in the company amidst a generally positive market environment. 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 is considered expensive based on its price-to-book value. Despite these risks, the recent positive financial results and increased institutional participation have driven the stock's upward movement.