Why is Hitachi Energy falling/rising?

As of 20-Aug, Hitachi Energy India Ltd's stock price is rising, currently at Rs 19,930.00, reflecting an increase of Rs 235.1 or 1.19%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 1.47% today. The stock reached an intraday high of Rs 20,440, marking a 3.78% increase. Over the past month, the stock has appreciated by 4.48%, and it has delivered impressive returns of 60.60% over the last year and 479.28% over the last three years. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio of 0.07 and consistent positive operating results over the last six quarters, contributing to investor confidence and recent price movements.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 5.72% over the past week while the Sensex has increased by 1.64%. However, the stock's year-to-date performance is significantly stronger than the benchmark, with a return of 38.68% compared to the Sensex's 4.76%. The recent increase in foreign institutional investors' holdings to 7.2% further supports the stock's upward momentum, indicating growing confidence among institutional investors. Overall, despite some short-term volatility, the company's strong fundamentals and positive investor sentiment are driving the stock's recent rise.