Why is Hitachi Energy falling/rising?

As of 08-Aug, Hitachi Energy India Ltd is experiencing a decline in its stock price, currently at Rs 20,283.15, which reflects a decrease of Rs 432.55 or 2.09%. Today's price summary indicates that the stock has underperformed its sector by 0.78%, with an intraday low of Rs 20,222, marking a drop of 2.38%. Despite a strong performance over the past year, with an 83.70% return, the stock has seen a recent decline, partly attributed to falling investor participation, as evidenced by a 31% drop in delivery volume compared to the 5-day average. While the company has demonstrated healthy long-term growth and consistent positive results over the last six quarters, its high valuation metrics, including a Price to Book Value of 21.5, may be contributing to investor caution.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.23%, while the benchmark Sensex has decreased by 0.92%. This indicates that Hitachi Energy is underperforming relative to the market. Although foreign institutional investors have increased their holdings, reflecting confidence in the company's long-term prospects, the stock's current price movement suggests that short-term pressures, including its high valuation and reduced trading activity, are influencing its performance negatively.