Why is Marine Electric. falling/rising?

As of 25-Aug, Marine Electricals (India) Ltd is experiencing a slight increase in its stock price, currently at 171.92, with a change of 0.2, representing a 0.12% rise. The stock has outperformed its sector by 0.37% today, although it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed performance over a longer period. Over the past week, the stock has gained 0.43%, while it has seen a significant decline of 9.40% over the past month and a staggering 34.74% year-to-date. Despite these declines, the company shows a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.03 times, and positive quarterly results, including a 20.9% growth in PAT. However, the stock's valuation appears expensive with a Price to Book Value of 5.9, and its underperformance relative to peers and the market raises concerns.
In the broader market context, the stock's recent performance has been relatively better than the benchmark, as it outperformed the Sensex by 0.07% over the past week. However, over the last year, while the Sensex has generated a return of only -0.58%, Marine Electricals has significantly underperformed with a return of -32.90%. This disparity suggests that despite some positive financial indicators, investor sentiment may be cautious, particularly given that domestic mutual funds hold no stake in the company, which could indicate a lack of confidence in its valuation or business prospects.