Why is Mazagon Dock falling/rising?

As of 18-Jul, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at Rs 2,981.85, reflecting a decrease of Rs 69.5 or 2.28%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 4.27% during this period. Today's trading saw the stock touch an intraday low of Rs 2,975.5. Despite this recent downturn, the stock has shown strong long-term performance, with a year-to-date increase of 33.84% and a remarkable 2162.83% rise over the past three years. The company benefits from solid fundamentals, including a healthy average Return on Equity (ROE) of 23.87% and significant growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating confidence in the company's long-term prospects.
In the broader market context, the stock's short-term performance has underperformed relative to the benchmark, with a 1-week decline of 6.04% compared to the Sensex's decrease of only 0.90%. This suggests that while the overall market is experiencing a slight downturn, Mazagon Dock is facing more significant challenges. The shipbuilding sector itself has also seen a decline of 2.2%, contributing to the stock's recent struggles. However, the rising investor participation, evidenced by a 56.93% increase in delivery volume, may provide some support for the stock moving forward.