Why is Hitachi Energy falling/rising?

As of 14-Aug, Hitachi Energy India Ltd is experiencing a decline in its stock price, currently at Rs 20,450.00, which reflects a decrease of Rs 688.6 or 3.26%. Today's price summary indicates that the stock underperformed its sector by 3.05%, with an intraday low of Rs 20,338.3, marking a drop of 3.79%. Despite this short-term decline, the stock has shown strong performance over the past month, with a return of 10.75%, and impressive annual returns of 82.63%. The company has maintained a low debt-to-equity ratio of 0.07 times and has reported positive operating cash flows and profits over the last six quarters, which suggests a healthy long-term growth outlook. However, the stock's high valuation, indicated by a price-to-book ratio of 21.6, may be contributing to its current price drop as it trades at a premium compared to peers.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a minimal decline of only 0.03% over the past week. While Hitachi Energy's short-term performance has been negative, its long-term returns significantly outperform the benchmark, with a staggering 531.86% increase over the past three years. This suggests that while the stock may be facing short-term pressures, its overall trajectory remains strong compared to the broader market. The increase in foreign institutional investors' holdings to 7.2% also indicates confidence in the company's future prospects, despite the current price decline.