Why is Hitachi Energy falling/rising?

As of 09-Jul, Hitachi Energy India Ltd's stock price is rising, currently at Rs 19,680.00, reflecting an increase of Rs 430.0 or 2.23%. Today's price summary indicates that the stock has outperformed its sector by 2.24% and has gained after two consecutive days of decline, reaching an intraday high of Rs 19,989.2. Over the past month, the stock has shown a positive return of 8.41%, significantly outperforming the Sensex, which has only increased by 1.32%. The company has demonstrated strong financial performance, with a net profit growth of 33.86% and positive results for the last five consecutive quarters, contributing to investor confidence. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 7.24% against the five-day average.
In the broader market context, while Hitachi Energy's stock has risen, it has experienced a decline of 1.06% over the past week, contrasting with the Sensex's slight gain of 0.15%. The stock's impressive long-term performance, with a 499.76% increase over the last three years, showcases its consistent returns compared to the benchmark. Institutional investors have increased their stake, indicating growing confidence in the company's fundamentals, despite concerns about its long-term growth potential and high valuation metrics. This combination of strong recent performance and institutional backing is likely driving the stock's upward movement.