Why is Mazagon Dock falling/rising?

As of 06-Aug, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at Rs 2,764.10, which reflects a decrease of Rs 84.7 or 2.97%. Today's price summary indicates that the stock has underperformed its sector by 1.56% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 2,751, marking a drop of 3.43%. Additionally, the delivery volume has decreased by 17.74% compared to the five-day average, suggesting a decline in investor participation. Despite these short-term challenges, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 23.87% and significant growth in net sales and operating profit, which supports a hold recommendation.
In the broader market context, the stock has shown a slight positive return of 0.12% over the past week, while the benchmark Sensex has declined by 1.15%. Over the last month, however, Mazagon Dock has seen a more significant drop of 16.94%, compared to a 3.46% decline in the Sensex, indicating a more pronounced weakness in the stock relative to the market. Despite its strong long-term performance, including a 24.07% increase year-to-date and consistent returns over the past three years, the recent price movement reflects short-term volatility and a potential shift in investor sentiment.