Why is Marine Electric. falling/rising?

As of 22-Sep, Marine Electricals (India) Ltd is currently priced at 226.70, reflecting an increase of 5.93, or 2.69%. The stock has shown strong performance recently, with a 12.41% increase over the past week and a remarkable 32.02% rise over the past month, significantly outperforming the Sensex, which has only increased by 0.53% and 1.34% in the same periods, respectively. Today's price summary indicates that Marine Electricals is trading above all its moving averages, and there has been a notable rise in investor participation, with delivery volume increasing by 21.29% compared to the five-day average. The company also demonstrates 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.
Broader Market Context: Despite the stock's recent gains, it has a year-to-date return of -13.95%, contrasting with the Sensex's positive return of 6.59% in the same timeframe. While the stock's performance has been impressive in the short term, it is trading at a relatively high Price to Book Value of 7.8, which may deter some investors. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may have reservations about the stock's valuation or business prospects, potentially impacting broader market sentiment towards Marine Electricals.