Why is Cochin Minerals falling/rising?

As of 16-Jul, Cochin Minerals & Rutile Ltd's stock is currently priced at 324.20, reflecting a decrease of 2.6 points or 0.8%. Today's price summary indicates that the stock has underperformed its sector by 0.65% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 318.2, marking a decline of 2.63%. Despite a strong performance over the past year with an 11.50% return and significant profit growth of 173.8%, the stock's recent movement is impacted by a falling investor participation, as evidenced by a 26.57% drop in delivery volume compared to the 5-day average. Additionally, while the company has a favorable debt-to-equity ratio and a fair valuation, its long-term growth prospects appear limited, with net sales growing at only 3.92% annually over the last five years.
In the broader market context, Cochin Minerals has outperformed the Sensex in both the short-term and long-term, with a 1-month return of 4.99% compared to the Sensex's 1.02% and a year-to-date return of 15.50% against the Sensex's 5.75%. However, the stock's recent decline may be attributed to the overall market sentiment and the company's flat quarterly results, which showed a significant drop in net sales and operating profit. This combination of underwhelming short-term performance, declining investor interest, and concerns over long-term growth may be contributing to the stock's current downward movement.