Why is Hitachi Energy falling/rising?

As of 15-Sep, Hitachi Energy India Ltd is experiencing a price increase, currently at Rs 20,198.65, which reflects a rise of Rs 348.65 or 1.76%. The stock has shown strong performance today, outperforming its sector by 0.83% and achieving a consecutive gain over the last two days with a total return of 3.74%. It reached an intraday high of Rs 20,290, indicating positive momentum. Over the past week, the stock has risen by 7.14%, significantly outpacing the Sensex's 1.24% increase. Additionally, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 19.09%, and has reported positive results for the last six consecutive quarters, contributing to investor confidence.
Broader Market Context: In the context of the broader market, Hitachi Energy's recent performance stands out, particularly with a year-to-date return of 40.55% compared to the Sensex's 4.67%. This significant outperformance over various periods, including a remarkable 476.49% increase over the last three years, highlights the stock's strong position relative to the benchmark. Furthermore, the increase in foreign institutional investors' holdings to 7.2% this quarter suggests growing confidence in the company's prospects, which is likely contributing to the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and favorable comparisons to the benchmark supports the stock's rising price.