Why is Hitachi Energy falling/rising?

As of 02-Jul, Hitachi Energy India Ltd's stock price is rising, currently at Rs 19,890.00, reflecting an increase of Rs 490.00 or 2.53%. The stock has shown strong performance today, outperforming its sector by 3.61% and reaching an intraday high of Rs 20,100. It is also trading above all key moving averages, indicating positive momentum. Over the past year, the stock has generated a return of 47.53%, significantly outperforming the BSE500 index, which has only increased by 5.00%. The company has reported consistent positive results, with a net profit growth of 33.86% and positive results for the last five consecutive quarters, which has likely contributed to the stock's upward movement. Additionally, rising participation from institutional investors, who have increased their stake by 3.58%, suggests growing confidence in the company's fundamentals.
In the broader market context, Hitachi Energy's short-term return of 1.31% over the past week outpaces the Sensex's return of 0.79%, indicating that the stock is performing well relative to the market. The company's strong financial results and low debt-to-equity ratio further bolster investor sentiment, despite some concerns about long-term growth rates and valuation metrics. The stock's liquidity, supported by a significant increase in delivery volume, also enhances its attractiveness to investors. Overall, the combination of solid financial performance, institutional interest, and favorable market conditions appears to be driving the stock's rise.