Why is Cochin Shipyard falling/rising?

As of 10-Jun, Cochin Shipyard Ltd's stock price is currently at Rs 2,257.95, reflecting a decrease of Rs 44.2 or 1.92%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 5.63% during this period. Today's trading saw the stock touch an intraday low of Rs 2,240.5, and there has been a notable decrease in investor participation, with delivery volume dropping by 22.94% compared to the five-day average. Despite this recent decline, the stock has shown strong performance over longer periods, with a 52.11% increase over the past month and a remarkable 1,325.02% rise over the last three years. The company maintains a low debt-to-equity ratio and has reported positive financial results, including the highest net sales and profit after tax in the last quarter, contributing to a mildly bullish technical outlook.
In the broader market context, Cochin Shipyard's short-term performance has outpaced the benchmark Sensex, which has only increased by 2.05% over the past week. However, the stock's recent decline contrasts with its strong historical performance, as it has consistently outperformed the BSE 500 over the last three years. While the stock is technically in a mildly bullish range, the current selling pressure and reduced trading volume may indicate a temporary setback in investor sentiment, despite the company's solid fundamentals and consistent returns.