Why is Garden Reach Sh. falling/rising?

As of 10-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at Rs 2,895.80, reflecting a decrease of Rs 83.1 or 2.79%. Today's performance indicates that the stock has underperformed its sector by 1.92%, with an intraday low of Rs 2,880.25, marking a drop of 3.31%. Over the past week, the stock has decreased by 1.57%, and while it has shown impressive long-term growth with a year-to-date increase of 79.01%, the recent trend suggests a potential correction. The company has strong fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit, which have contributed to its high profitability. However, the stock's valuation is considered expensive, trading at a premium compared to its peers, which may be causing some investor hesitation.
In the broader market context, the Sensex has remained relatively flat, with a slight increase of 0.06% over the past week. This indicates that the stock's decline is not solely due to market conditions but may be influenced by its specific valuation concerns and recent performance metrics. Despite the company's strong long-term fundamentals and consistent returns over the past three years, the current price movement suggests that investors are reacting to the high valuation and potential overextension in the short term. The rising investor participation, as indicated by the increased delivery volume, may also reflect a mix of confidence in the company's long-term prospects and caution regarding its current price level.