Why is Cochin Shipyard falling/rising?

As of 08-Jul, Cochin Shipyard Ltd's stock price is currently at Rs 2,020.90, reflecting a decrease of Rs 31.3 or 1.53%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, with a total decline of 1.77% during this period. Additionally, the stock's performance over the past week shows a decline of 1.17%, and over the past month, it has decreased by 15.54%. Despite these short-term declines, the stock has shown significant growth year-to-date with an increase of 31.25%. However, the falling investor participation, evidenced by a 33.69% drop in delivery volume compared to the 5-day average, may be contributing to the current price movement. The company maintains a low debt-to-equity ratio and has reported strong financial results, including the highest net sales and profit after tax in the last quarter, which could provide some support for the stock despite its recent declines.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Cochin Shipyard's decline. This indicates that the stock is underperforming relative to the benchmark index in the short term. While the stock has outperformed the Sensex significantly over the longer term, with a remarkable 1175.82% increase over three years, the recent negative performance may reflect sector-specific challenges or investor sentiment rather than broader market trends. The stock's liquidity remains adequate for trading, but the recent price movements suggest caution among investors, potentially influenced by the overall market conditions and the company's recent performance metrics.