Why is Hitachi Energy falling/rising?

As of 06-Aug, Hitachi Energy India Ltd's stock price is currently at Rs 20,439.00, reflecting a decline of Rs 902.3, or 4.23%. The stock has underperformed its sector by 3.85% today and has experienced a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 20,320, indicating a drop of 4.79%. Over the past week, the stock has decreased by 1.85%, while it has shown a positive return of 2.25% over the last month. Despite its strong long-term performance, including an impressive 86.16% return over the past year, the recent decline may be attributed to falling investor participation, as evidenced by a 33.02% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has declined by 1.15% over the past week, indicating that the stock's short-term performance is worse than the benchmark. While Hitachi Energy has demonstrated consistent returns and healthy growth metrics, including a low debt-to-equity ratio and increased foreign institutional investor holdings, its current valuation appears expensive with a Price to Book Value of 21.6. This premium valuation, combined with a recent drop in trading volume and the stock's performance relative to the sector, suggests that investors may be reassessing their positions, contributing to the stock's recent decline.