Why is Marine Electric. falling/rising?

As of 05-September, Marine Electricals (India) Ltd is currently priced at 174.80, reflecting a decrease of 0.24, or 0.14%. The stock has shown mixed performance recently, with a 5.04% increase over the past week, but a decline of 2.17% over the last month and a significant drop of 33.65% year-to-date. Today's price summary indicates that the stock outperformed its sector by 0.27%, and while it is above the 5-day and 20-day moving averages, it remains below the longer-term moving averages of 50, 100, and 200 days. The company has a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.03 times, and positive financial results from June 25, including a record ROCE of 14.49% and a PAT growth of 20.9%. However, the stock's valuation appears expensive with a Price to Book Value of 6, and despite a profit increase of 45.6% over the past year, the stock has underperformed with a return of -30.62%.
In the broader market context, Marine Electricals has underperformed compared to the benchmark, with the BSE500 generating a negative return of -4.41% over the last year, while Marine Electricals experienced a much steeper decline. This significant underperformance may be contributing to the lack of interest from domestic mutual funds, which hold 0% of the company, suggesting a lack of confidence in its current valuation or business prospects. Overall, while there are some positive indicators regarding the company's financial health, the stock's recent price movement reflects broader concerns about its valuation and market performance relative to peers.