Why is Garden Reach Sh. falling/rising?

As of 28-Jul, Garden Reach Shipbuilders & Engineers Ltd is experiencing a decline in its stock price, currently at Rs 2,494.60, reflecting a decrease of Rs 76.3 or 2.97%. The stock has been on a downward trend, having lost 5.78% over the last three days, and it touched an intraday low of Rs 2,484.35. In terms of performance, the stock has underperformed in the short term, with a 1-week return of -3.51% and a 1-month return of -17.73%, while it has shown strong long-term growth with a year-to-date increase of 54.21%. Despite its strong fundamentals, including a low debt-to-equity ratio and significant growth in net profit, the stock's recent performance is being affected by a decline in investor participation and a broader sector downturn, as the shipbuilding sector has fallen by 2.55%.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 1.59% over the past week and 3.77% over the past month. This indicates that while the overall market is experiencing some downturn, Garden Reach Shipbuilders is facing a more pronounced decline. The falling investor participation, evidenced by a 3% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among retail investors, despite the positive institutional interest that has seen an increase in stakes. The stock's high valuation, reflected in its Price to Book Value ratio, may also be contributing to the downward pressure as investors reassess its worth in light of recent price movements.