Why is Mazagon Dock falling/rising?

As of 13-Aug, Mazagon Dock Shipbuilders Ltd's stock price is currently at 2,748.85, reflecting an increase of 57.85, or 2.15%. The stock has shown a performance today that outperformed its sector by 1.24%, reaching an intraday high of Rs 2769, which is a 2.9% increase. However, it is important to note that the stock has experienced a decline of 0.55% over the past week and a significant drop of 13.38% over the past month. Despite these short-term challenges, the company has demonstrated strong long-term fundamentals, with an average return on equity of 23.87%, and has consistently generated returns, outperforming the BSE500 over the last three years.
In the broader market context, the Sensex has remained relatively flat with a change of -0.01% over the past week, while the stock's performance has been notably worse in the short term compared to the benchmark. However, year-to-date, Mazagon Dock has outperformed the Sensex with a return of 23.38% compared to the benchmark's 3.07%. The stock's liquidity remains adequate for trading, although there has been a notable decline in investor participation, with delivery volume dropping by 48.11% against the five-day average. This combination of strong long-term growth potential and recent short-term volatility contributes to the stock's current upward movement despite the recent declines in its price.