Why is Cochin Minerals falling/rising?

As of 08-Aug, Cochin Minerals & Rutile Ltd's stock price is rising, currently at Rs 323.05, reflecting an increase of Rs 15.25 or 4.95%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 6.72%. Today, it reached an intraday high of Rs 333, indicating strong intraday performance despite a wide trading range of Rs 31. Over the past week, the stock has increased by 0.91%, while its year-to-date return stands at 15.09%, significantly outperforming the Sensex, which has only gained 2.20% during the same period. However, there has been a slight decline in investor participation, with delivery volume decreasing by 0.4% compared to the 5-day average.
In the broader market context, while Cochin Minerals has shown resilience with a positive return over the past week, the Sensex has experienced a decline of 0.92% during the same timeframe. This suggests that the stock's recent rise is occurring against a backdrop of broader market weakness. The stock's performance over the last three years has been particularly strong, with a return of 79.62% compared to the Sensex's 35.69%, indicating a solid long-term growth trajectory. The liquidity of the stock remains adequate, allowing for trades without significant barriers, which may contribute to its upward price movement amidst fluctuating market conditions.