Why is Hitachi Energy falling/rising?

As of 05-Aug, Hitachi Energy India Ltd is experiencing a positive price movement, currently priced at Rs 21,300.00, reflecting an increase of 108.05 (0.51%). The stock has recently hit a new 52-week and all-time high of Rs 21,674.95, indicating strong upward momentum. Over the past week, the stock has gained 7.57%, significantly outperforming the Sensex, which has declined by 0.77%. Additionally, the stock has shown consistent gains over the last three days, with a total increase of 5.97%. Despite a decrease in delivery volume, the company's low debt-to-equity ratio of 0.07 times and robust operating profit growth of 19.09% annually contribute positively to investor sentiment. Furthermore, foreign institutional investors (FIIs) have increased their holdings to 7.2%, signaling confidence in the company's prospects.
In the broader market context, while Hitachi Energy has demonstrated impressive returns, including an 83.70% increase over the past year, the Sensex has only risen by 2.48% during the same period. This stark contrast highlights the stock's strong performance relative to the market. The company's consistent returns over the last three years and positive financial results, including a 37.1% growth in profit after tax, further bolster its appeal. However, it is important to note that the stock is trading at a premium compared to its peers, with a price-to-book value of 22.6, which may pose a risk for some investors. Overall, the combination of strong fundamentals and positive market sentiment has contributed to the stock's rising price.