Why is Hitachi Energy falling/rising?

As of 18-Aug, Hitachi Energy India Ltd is experiencing a decline in its stock price, currently at Rs 19,925.00, which reflects a decrease of Rs 525.00 or 2.57%. The stock has underperformed its sector by 1.94% today and has been on a downward trend for the last two days, accumulating a total loss of 5.74% during this period. Despite a strong performance over the longer term, with a 69.00% return over the past year and a remarkable 486.37% increase over the last three years, the recent price movement indicates a short-term struggle. The stock's performance today also saw it touch an intraday low of Rs 19,638.45, and trading volume was higher near this low price, suggesting some investor caution.
In the broader market context, while Hitachi Energy has shown strong returns over the past month (+4.46%) and year-to-date (+38.65%), it has underperformed the Sensex, which has gained 0.83% over the past week. The company's low debt-to-equity ratio and consistent positive operating results over the last six quarters, along with increased foreign institutional investor (FII) holdings, indicate a solid long-term growth potential. However, the recent price decline may reflect short-term market volatility or profit-taking by investors after a significant rally. Overall, while the fundamentals remain strong, the stock's recent performance suggests a temporary setback amidst a generally positive long-term outlook.