Why is Marine Electric. falling/rising?

As of 23-Jul, Marine Electricals (India) Ltd is experiencing a decline in its stock price, currently at 195.82, reflecting a decrease of 1.59 points or 0.81%. The stock's performance today is in line with its sector, but it is trading lower than the 20-day, 50-day, and 200-day moving averages, while remaining above the 5-day and 100-day moving averages. Over the past week, the stock has fallen by 1.82%, and it has significantly underperformed the market with a year-to-date decline of 25.67%, compared to a 6.66% increase in the benchmark index. Despite strong fundamentals, including a low Debt to EBITDA ratio and impressive growth in net sales and profits, the stock is facing pressure due to an expensive valuation and a declining interest from institutional investors, which has contributed to its recent price movement.
In the broader market context, Marine Electricals has underperformed relative to the benchmark index, with a one-year return of -25.52% compared to the BSE500's gain of 1.79%. This stark contrast highlights the stock's struggles despite positive financial indicators such as a high return on capital employed and significant growth in net profit. The decrease in institutional investor participation, who typically have more resources to analyze company fundamentals, further exacerbates the stock's challenges, leading to a lack of confidence among retail investors and contributing to its declining price trend.