Why is Mazagon Dock falling/rising?

As of 30-Jul, Mazagon Dock Shipbuilders Ltd is experiencing a price increase, currently at 2,760.70, reflecting a rise of 40.95 or 1.51%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Although it has underperformed in the short term with a 5.44% drop over the past week and a 14.90% decline over the past month, it has demonstrated strong long-term performance with a year-to-date increase of 23.91%. The stock's delivery volume has significantly risen by 93.24% compared to the 5-day average, indicating rising investor participation. However, the stock's moving averages indicate mixed signals, being higher than the 200-day moving average but lower than the shorter-term averages.
In the broader market context, while the stock has faced short-term challenges, it has outperformed the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. The company's strong long-term fundamentals, including a solid return on equity of 23.87% and consistent growth in net sales, support its valuation despite recent negative quarterly results that showed declines in profit before tax, profit after tax, and net sales. Additionally, the reduction in promoter stake by 3.61% may signal some concerns regarding future business confidence, which could affect investor sentiment. Overall, while there are negative indicators, the stock's recent upward movement suggests a potential recovery phase amidst a backdrop of strong long-term fundamentals.