Why is Mazagon Dock falling/rising?

As of 29-Aug, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at 2,605.95, reflecting a decrease of 22.6 points or 0.86%. The stock has underperformed its sector by 1.08% today and has been on a downward trend for the last three days, resulting in a total decline of 5.45% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a strong long-term fundamental strength, with an average Return on Equity (ROE) of 23.87% and healthy growth in net sales and operating profit, the recent performance has been negatively impacted by a significant drop in investor participation, with delivery volume falling by 34.26% compared to the 5-day average.
In the broader market context, Mazagon Dock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.51% compared to the Sensex's decline of only -1.84%. This underperformance is further highlighted by the stock's 1-month return of -4.18% against the Sensex's -1.88%. While the company has shown consistent returns over the past three years and outperformed the BSE500 in each of the last three annual periods, the current market conditions and declining investor interest are contributing to the stock's recent downward trajectory.