Why is Marine Electric. falling/rising?

As of 17-Oct, Marine Electricals (India) Ltd is experiencing a price increase, currently at 228.75, reflecting a rise of 11.85 or 5.46%. The stock has shown strong performance today, outperforming its sector by 6.12%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 8.53%, and in the last month, it has increased by 10.40%. However, there is a notable decline in investor participation, with delivery volume falling by 20.84% compared to the 5-day average. The company demonstrates a strong ability to service its debt, supported 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.
In the broader market context, Marine Electricals has outperformed the Sensex in the short term, with a 1-week return of 8.53% compared to the benchmark's 1.68%. Despite this positive short-term performance, the stock has underperformed on a year-to-date basis, with a decline of 13.17% against the Sensex's increase of 8.73%. The stock's valuation appears expensive with a Price to Book Value of 7.8, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current price or business prospects. While the company has shown strong profit growth, the negative sentiment from institutional investors could weigh on future performance.