Why is Marine Electric. falling/rising?

As of 21-Jul, Marine Electricals (India) Ltd is experiencing a price increase, currently at 195.96, reflecting a rise of 6.0 or 3.16%. The stock has outperformed its sector today by 3.65%. However, over the past week, it has seen a decline of 1.90%, and its performance over the past month shows a significant drop of 6.32%. While the stock is trading above its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages. The company has demonstrated strong fundamentals, with a low Debt to EBITDA ratio of 1.03 times and impressive growth in net sales and profit, which may contribute positively to investor sentiment. Nonetheless, the stock's valuation appears expensive with a Price to Book Value of 6.7, and it has underperformed the market significantly over the past year, generating a return of -22.14%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has shown a slight increase of 0.03% over the past week. Despite the stock's positive movement today, its year-to-date performance is notably poor, down 25.62%, while the benchmark has gained 6.12%. The decrease in institutional investor participation, with a reduction of 0.8% in their stake, may also weigh on the stock's performance, as these investors typically have more resources to analyze company fundamentals. Overall, while there are positive indicators for Marine Electricals, the broader context of underperformance relative to the market and high valuation concerns may continue to impact investor confidence.