Why is Cochin Shipyard falling/rising?

As of 11-Jul, Cochin Shipyard Ltd's stock price is currently at Rs 1,983.50, reflecting a decline of Rs 34.1 or 1.69%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decrease of 2.62% during this period. It has also seen a significant drop in delivery volume, which fell by 32.68% compared to the 5-day average, indicating reduced investor participation. Despite this, the company has reported strong financial metrics, including a high debtors turnover ratio and net sales, which could suggest underlying strength. However, the stock's performance over the past week and month shows declines of 3.58% and 9.60%, respectively, while the year-to-date return remains positive at 28.82%.
In the broader market context, Cochin Shipyard's recent performance contrasts with the Sensex, which has only declined by 1.12% over the past week and is nearly flat over the past month. This indicates that the stock is underperforming relative to the benchmark index. The company's long-term performance remains impressive, with a three-year return of 1147.09%, but the recent short-term trends suggest a potential reevaluation by investors. The combination of falling investor participation and recent price declines may be causing concern, despite the company's solid fundamentals and majority ownership by promoters, which typically signals stability.