Why is Garden Reach Sh. falling/rising?

As of 14-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at 2,667.65, reflecting a decrease of 133.95 points or 4.78%. The stock has underperformed its sector by 2.3% today and has been on a downward trend for the last three days, accumulating a total loss of 10.45%. Additionally, the stock touched an intraday low of Rs 2,644.85, indicating significant selling pressure. Over the past week, the stock has decreased by 7.71%, while its performance over the last month shows a more substantial decline of 13.03%. Despite a strong long-term growth outlook, with a net profit increase of 148.75% and a healthy return on equity, the stock's current valuation appears expensive, contributing to its recent price drop.
In the broader market context, the Sensex has only fallen by 1.42% over the past week, indicating that Garden Reach Shipbuilders & Engineers Ltd's decline is more pronounced than the overall market. The shipbuilding sector has also seen a decline of 2.3%, reflecting a challenging environment for stocks in this industry. While the company has demonstrated impressive long-term growth, with a 64.91% increase year-to-date and consistent returns over the past three years, the recent price movements suggest that investor sentiment may be affected by the stock's high valuation relative to its peers, as well as a decrease in investor participation, evidenced by a drop in delivery volume.