Why is Marine Electric. falling/rising?

As of 09-Sep, Marine Electricals (India) Ltd is experiencing a decline in its stock price, currently at Rs 182.86, reflecting a decrease of -0.68 or -0.37%. The stock has shown mixed performance in recent periods, with a 1-week return of +4.35% and a 1-month return of +6.11%, indicating some short-term strength. However, it has significantly underperformed over the longer term, with a year-to-date return of -30.59% and a 1-year return of -26.07%. Today's performance indicates that the stock underperformed its sector by -0.58%, and while it is above its 5-day and 20-day moving averages, it remains below its longer-term moving averages. The company has a low Debt to EBITDA ratio of 1.03 times, which suggests a strong ability to service debt, and it reported positive results in June, including a high 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 6.2, and it has a low domestic mutual fund holding, which may indicate a lack of confidence in its current price.
Broader market context shows that while the Sensex has generated a return of +1.18% over the past week, Marine Electricals has underperformed the market significantly over the last year, where the broader BSE500 index returned -2.87%. This stark contrast in performance suggests that investor sentiment towards Marine Electricals is weak, despite some positive financial metrics. The company's return on equity of 9.5% and a PEG ratio of 1.5 further highlight concerns regarding its valuation relative to its earnings growth, contributing to the stock's downward pressure. Overall, the combination of underperformance relative to the market, high valuation concerns, and low institutional interest are likely factors contributing to the stock's current decline.