Why is Garware Marine falling/rising?

As of 09-Jul, Garware Marine Industries Ltd is experiencing a decline in its stock price, currently at 34.86, which represents a decrease of 0.71 or 2.0%. The stock has underperformed its sector by 2.04% today and has been on a consecutive decline for the last two days, resulting in a total drop of 3.94% during this period. Despite this recent downturn, the stock has shown impressive long-term performance, with a 111.91% increase over the past year and a staggering 220.11% rise over the last three years. However, the company faces challenges, including weak long-term fundamental strength indicated by a low Return on Equity (ROE) of 1.29% and a concerning EBIT to Interest ratio of -0.06, which may contribute to investor caution.
In the broader market context, while Garware Marine's recent performance has been negative, it has outperformed the benchmark Sensex over various time frames, including a 1-week return of 1.90% compared to the Sensex's 0.15%. This suggests that despite the current decline, the stock has been a strong performer relative to the market in the longer term. However, the company's flat results in March 2025 and its expensive valuation compared to peers may be causing some investors to reassess their positions, leading to the recent price drop. Overall, the combination of short-term underperformance and long-term growth concerns appears to be influencing the stock's current trajectory.