Why is Marine Electric. falling/rising?

As of 20-Aug, Marine Electricals (India) Ltd is currently priced at 174.55, with no change in price (0.00%). The stock has shown mixed performance, with a 1-week return of +1.61%, but it has declined by 8.11% over the past month and has a year-to-date drop of 33.74%. The stock is currently trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.03 times, the stock's valuation appears expensive with a Price to Book Value of 6. Additionally, while the company reported positive results in June, including a 20.9% growth in PAT, the stock has underperformed significantly compared to its peers and the broader market.
In the broader market context, the stock's performance has lagged behind the benchmark, with a 1-year return of -33.63% compared to the BSE500's decline of only -1.20%. This stark contrast suggests that investor sentiment towards Marine Electricals may be negative, particularly as domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation or business prospects. The stock's recent performance, coupled with its significant underperformance over the past year, highlights the challenges it faces in regaining investor trust and improving its market position.