Why is Garden Reach Sh. falling/rising?

As of 08-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at Rs 2,832.80, reflecting a decrease of Rs 57.85 or 2.0%. The stock has underperformed its sector by 0.71% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.72%. Over the past week, the stock has decreased by 5.16%, and in the last month, it has fallen by 12.75%. Despite a strong year-to-date performance of 75.12%, the recent price movements indicate a shift in investor sentiment, possibly influenced by falling delivery volumes, which have decreased by 3.72% against the five-day average. The stock is trading above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages, suggesting mixed short-term momentum.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.02% over the past week, contrasting with Garden Reach's significant decline. While the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, it is currently facing challenges due to its high valuation metrics, such as a Price to Book Value of 19.4, which may deter some investors. The stock's recent performance, despite its historical outperformance against benchmarks, indicates that current market conditions and investor participation are affecting its price negatively.