Why is Hitachi Energy falling/rising?

As of 24-Jul, Hitachi Energy India Ltd is currently priced at Rs 19,770.00, reflecting a decrease of Rs 110.0 or 0.55%. The stock has been underperforming recently, having fallen for the last two consecutive days, resulting in a total decline of 1.81%. Despite this short-term drop, the stock has shown strong performance over longer periods, with a year-to-date increase of 37.57% and a remarkable 525.69% rise over the past three years. The company has reported positive financial results, including a 33.86% growth in net profit and consistent positive results for the last five quarters. However, the stock's valuation appears expensive with a Price to Book Value of 20.9, and there are concerns regarding long-term growth rates in net sales and operating profit.
In the broader market context, Hitachi Energy's recent performance contrasts with the Sensex, which has seen a slight decline of 0.09% over the past week. While the stock has outperformed the benchmark over longer periods, its recent underperformance, coupled with a decrease in investor participation—evidenced by a 21.91% drop in delivery volume—suggests a cautious sentiment among investors. Despite the positive factors such as increased foreign institutional investor holdings and strong historical returns, the current price movement reflects a combination of short-term volatility and concerns about valuation and growth sustainability.