Why is Hitachi Energy falling/rising?

As of 11-Aug, Hitachi Energy India Ltd's stock price is rising, currently at Rs 20,780.00, reflecting an increase of Rs 496.85 or 2.45%. The stock has shown strong performance, being only 4.31% away from its 52-week high and outperforming its sector by 1.2% today. Over the past month, the stock has appreciated by 11.83%, significantly outpacing the Sensex, which declined by 2.30%. The company has demonstrated consistent growth, with operating profit increasing at an annual rate of 19.09% and positive results reported for the last six consecutive quarters. Additionally, foreign institutional investors (FIIs) have increased their holdings to 7.2%, indicating growing confidence in the company.
In the broader market context, while Hitachi Energy's stock has risen, the Sensex has experienced a slight decline of 0.51% over the past week. This divergence highlights the stock's relative strength compared to the broader market. Despite a recent drop in investor participation, as indicated by a 41.64% decrease in delivery volume, the stock remains liquid enough for trading. However, it is important to note that the stock is trading at a premium compared to its peers, with a high Price to Book Value ratio of 22.1, which may present a risk for potential investors.