Why is Garden Reach Sh. falling/rising?

As of 12-Jun, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at Rs 2,978.55, which represents a decrease of Rs 120.4 or 3.89%. The stock has underperformed its sector by 0.91% today and has been on a consecutive decline for the last three days, resulting in an overall drop of 8.93%. Despite strong long-term fundamentals, including a significant growth in net profit and sales, the stock's recent performance has been negatively impacted by a decrease in investor participation, as evidenced by a 25.51% drop in delivery volume compared to the five-day average. Additionally, the stock is trading at a premium valuation, which may deter some investors.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 12.57% decline over the past week compared to a slight increase of 0.31% in the Sensex. While the company has shown impressive long-term returns, outperforming the BSE 500 over the past three years, the recent downturn reflects a combination of sector-wide challenges, including a 2.91% decline in the shipbuilding sector, and the stock's high valuation relative to its peers. These factors contribute to the current downward pressure on the stock price.