Why is Mazagon Dock falling/rising?

As of 04-Sep, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at 2,680.60, which reflects a decrease of 35.4 points or 1.3%. The stock has been losing value for the last two days, with a total return of -1.86% during this period. Despite outperforming its sector by 1.85% today, the stock's performance over the past month shows a decline of 3.16%. The company has demonstrated strong long-term fundamentals, with a notable average Return on Equity (ROE) of 23.87% and healthy growth in net sales and operating profit. However, negative results reported for June 25, including significant drops in profit before tax and net sales, coupled with a decrease in promoter confidence due to a reduction in their stake, have contributed to the stock's recent downward movement.
In the broader market context, Mazagon Dock's short-term performance has outpaced the benchmark Sensex, which has only gained 0.80% over the past week compared to the stock's increase of 1.98%. However, the shipbuilding sector as a whole has seen a decline of 2.91%, indicating sector-wide challenges that may be impacting investor sentiment. While the stock has shown impressive long-term returns, including a 20.32% increase year-to-date, the recent negative financial results and reduced promoter confidence may be overshadowing these strengths, leading to a cautious outlook among investors.