Why is Marine Electric. falling/rising?

As of 12-Sep, Marine Electricals (India) Ltd is experiencing a price increase, currently at 196.81, reflecting a change of 5.09 or 2.65% upward. The stock has shown strong performance recently, outperforming its sector by 2.01% today. It has also demonstrated significant short-term returns, with a 12.59% increase over the past week and a 12.41% increase over the past month. The company has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.03 times, and positive financial results, including a 20.9% growth in PAT for the last quarter. However, despite these positive indicators, the stock has underperformed over the past year with a return of -20.37%, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence at its current valuation.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex, which only increased by 1.51% over the past week. While the stock has shown resilience in the short term, its year-to-date performance remains concerning, with a decline of 25.30% compared to the Sensex's increase of 6.21%. This disparity highlights the stock's volatility and the potential caution investors may exercise given its historical underperformance relative to the market.