Why is Mazagon Dock falling/rising?

As of 31-Oct, Mazagon Dock Shipbuilders Ltd is experiencing a decline in its stock price, currently at 2,736.15, reflecting a decrease of 6.95 points or 0.25%. The stock has underperformed its sector by 0.61% today and has been on a downward trend for the last four days, accumulating a total loss of 2.63% 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 performance with a year-to-date return of 22.81% and a remarkable 759.82% increase over the past three years, recent financial results show a decline in profit after tax, which has contributed to the stock's current struggles.
In the broader market context, Mazagon Dock's short-term performance has been notably weaker than the benchmark Sensex, which has seen a slight decline of 0.32% over the past week, while Mazagon Dock has dropped 2.45%. This underperformance is compounded by a significant drop in investor participation, with delivery volumes falling by 36.16% against the 5-day average. While the company boasts high management efficiency and low debt levels, the recent flat results and a high valuation compared to peers have raised concerns among investors, leading to the stock's current downward trajectory.