Why is Garden Reach Sh. falling/rising?

As of 25-Jun, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at Rs 3,005.10, which reflects a decrease of Rs 180.0 or 5.65%. The stock has underperformed its sector by 4.24% today and has been on a downward trend for the last two days, resulting in a total drop of 13.95% during this period. Despite a strong long-term performance with an 85.77% increase year-to-date and a remarkable 1,206.85% rise over the past three years, the recent price movement indicates a short-term weakness. The stock's performance today also saw it touch an intraday low of Rs 2,987.05, and the weighted average price suggests that more volume was traded closer to this low price. Additionally, while the company has strong fundamentals, including low debt and impressive growth in net sales and profits, its current valuation appears expensive compared to peers, which may be contributing to the recent decline.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -6.98% compared to the Sensex's gain of 1.61%. This stark contrast highlights the stock's recent struggles despite its strong historical performance and positive long-term growth indicators. The rising investor participation, as indicated by a 113.62% increase in delivery volume, suggests that some investors may still see value in the stock, but the overall market sentiment appears cautious given the recent price drop and the stock's premium valuation.