Why is Mazagon Dock falling/rising?

As of 31-Jul, Mazagon Dock Shipbuilders Ltd's stock price is currently at 2,772.40, reflecting an increase of 11.7 points or 0.42%. The stock has shown a positive performance today, outperforming its sector by 1.25% and has been gaining for the last two days, with a total return of 1.94% during this period. However, the stock has experienced a decline of 6.34% over the past week and 15.35% over the past month. While the company has demonstrated strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 23.87% and significant growth in net sales, it has also faced negative results in its latest quarterly earnings, with a notable drop in profit before tax and net sales compared to previous quarters. Additionally, a decrease in promoter stake by 3.61% may indicate reduced confidence in the company's future.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. Despite the stock's short-term struggles, it has outperformed the Sensex significantly over the year-to-date period, with a return of 24.44% compared to the benchmark's 3.90%. This suggests that while there are immediate concerns affecting the stock's price, its long-term trajectory remains strong relative to the broader market.