Why is Mazagon Dock falling/rising?

As of 22-Jul, Mazagon Dock Shipbuilders Ltd's stock price is currently at 2,922.30, reflecting a decrease of 30.2 points or 1.02%. The stock has been on a downward trend, having fallen for the last five consecutive days, resulting in a total decline of 6.18% over the past week. Despite this recent downturn, the stock has shown strong long-term performance, with a year-to-date increase of 31.17% and a remarkable 2026.86% rise over the past three years. Today's trading saw the stock reach an intraday high of Rs 3022.05, indicating some volatility, while the delivery volume has increased significantly, suggesting rising investor participation. The company maintains strong fundamentals, with a healthy average Return on Equity (ROE) of 23.87% and impressive growth in net sales and operating profit, which may support its long-term value despite the recent price drop.
In the broader market context, Mazagon Dock's short-term performance has underperformed relative to the benchmark, with a 6.18% decline over the past week compared to a minor drop of 0.47% in the Sensex. Over the past month, the stock has also seen a decrease of 10.32%, while the benchmark has only fallen by 0.27%. This indicates that while the stock has strong long-term fundamentals and has outperformed the market over longer periods, its recent short-term performance is concerning, particularly in light of the broader market's relative stability.