Why is Hitachi Energy falling/rising?

As of 30-Jun, Hitachi Energy India Ltd's stock price is currently at Rs 19,983.00, reflecting an increase of 44.0 points or 0.22%. The stock has recently touched a new 52-week and all-time high of Rs 20,700, indicating strong upward momentum. Over the past week, the stock has gained 6.09%, outperforming the Sensex, which rose by 2.09%. The company has shown consistent positive performance, with a net profit growth of 33.86% and positive results for the last five consecutive quarters. Additionally, institutional investors have increased their stake, which suggests growing confidence in the company's fundamentals. 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.
In the broader market context, Hitachi Energy's short-term performance has significantly outpaced the benchmark, with a 6.09% increase over the past week compared to the Sensex's 2.09%. This strong performance is further supported by rising investor participation, as evidenced by a 54.39% increase in delivery volume. Despite the positive short-term trends, the stock's valuation remains a concern, with a high price-to-book value ratio and a relatively low return on equity of 9.1. Overall, while the stock is experiencing upward movement due to strong recent results and increased institutional interest, caution is warranted due to potential long-term growth challenges.