Why is Mazagon Dock falling/rising?

As of 05-Sep, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at 2,669.90, which reflects a decrease of 10.7 points or 0.4%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 2.25% during this period. Despite outperforming its sector by 0.68% today, the stock's performance over the past month shows a significant drop of 6.28%. While the company boasts strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 23.87% and consistent returns over the last three years, recent negative financial results have raised concerns. Specifically, the company reported a substantial decline in profit before tax, profit after tax, and net sales compared to previous quarters, which has contributed to a perception of reduced value despite its historical performance.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 2.45% over the past week while the Sensex has only increased by 1.13%. However, the stock's year-to-date performance remains strong at 19.84%, significantly outpacing the Sensex's 3.29% increase. The recent decline in stock price may also be influenced by decreasing promoter confidence, as they have reduced their stake by 3.61%, which could signal concerns about the company's future prospects. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors amid the backdrop of declining profits.