Why is Hitachi Energy falling/rising?

As of 17-Sep, Hitachi Energy India Ltd is experiencing a price increase, currently at Rs 20,062.90, reflecting a rise of Rs 126.9 or 0.64%. The stock has shown strong performance today, outperforming its sector by 0.27% and reaching an intraday high of Rs 20,440, which is a 2.53% increase. Over the past week, the stock has gained 1.84%, although it has seen a decline of 1.59% over the past month. Notably, Hitachi Energy has demonstrated impressive long-term returns, with a 39.61% increase year-to-date and a remarkable 477.68% rise over the last three years. The company has maintained a low debt-to-equity ratio of 0.07 and has reported positive results for six consecutive quarters, contributing to investor confidence.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex, which has increased by 1.56% over the past week. Despite a slight decline in delivery volume, which fell by 2.6% against the five-day average, foreign institutional investors (FIIs) have increased their holdings to 7.2%, indicating growing institutional interest. The stock's consistent returns, particularly its 53.19% gain over the past year, further highlight its resilience compared to the benchmark's decline of 0.46% during the same period. Overall, the combination of strong financial performance, institutional support, and favorable market conditions has contributed to the stock's upward movement.