Why is Guj Pipavav Port falling/rising?

As of 29-Aug, Gujarat Pipavav Port Ltd is experiencing a decline in its stock price, currently at 148.80, which reflects a decrease of 2.15 (-1.42%). The stock has been underperforming, having fallen consecutively for the last three days with a total return of -5.46% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a high dividend yield of 5.43% and rising investor participation with a delivery volume increase of 9.82%, the company has shown poor long-term growth with net sales and operating profit growth rates of only 6.72% and 8.29%, respectively, over the last five years. Additionally, the stock has underperformed significantly over the past year, with a return of -34.23% compared to a -2.83% return for the benchmark.
In the broader market context, the stock's performance has been notably weaker than the benchmark, as it has declined by -34.23% over the past year while the Sensex has only fallen by -2.83%. This stark contrast highlights the stock's struggles relative to the market, especially given that the broader market (BSE500) has generated negative returns of -5.40% in the same timeframe. The company's high Price to Book Value ratio of 3.1 suggests it is considered expensive relative to its peers, further contributing to investor caution. Overall, the combination of poor growth prospects, high valuation, and significant underperformance against market benchmarks has led to the stock's recent decline.