Why is Mazagon Dock falling/rising?

As of 23-Jul, Mazagon Dock Shipbuilders Ltd's stock price is currently at 2,919.65, reflecting a decrease of 2.65 points or 0.09%. The stock has been on a downward trend, having underperformed its sector by 1.69% today and experiencing a consecutive fall over the last six days, resulting in a total decline of 6.27% during this period. Despite this recent downturn, the company has shown strong long-term fundamental strength, with an average Return on Equity (ROE) of 23.87% and healthy growth in net sales and operating profit. Additionally, the stock has generated a return of 15.37% over the past year, outperforming the BSE500 in each of the last three annual periods, which indicates a solid long-term performance despite the recent price drop.
In the broader market context, the stock's performance over the past week has been notably poor, with a decline of 6.04%, while the benchmark Sensex has seen a slight increase of 0.11%. This stark contrast highlights the stock's recent struggles compared to the overall market. Furthermore, while the stock remains liquid enough for trading, the moving averages indicate that it is currently below the shorter-term averages, which may contribute to investor caution. Overall, the combination of recent underperformance, a declining trend, and a strong long-term outlook creates a complex picture for Mazagon Dock, suggesting that while the stock is facing short-term challenges, its fundamentals remain robust.