Why is Cochin Shipyard falling/rising?

As of 14-Jul, Cochin Shipyard Ltd's stock price is currently at Rs 1,929.55, reflecting a decrease of Rs 53.95 or 2.72%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 5.27% during this period. The stock's performance over the past week shows a decline of 5.98%, and it has also experienced a significant drop of 31.76% over the past year. Despite these recent losses, the company has reported positive financial metrics, including a high Debtors Turnover Ratio and record net sales and profit after tax for the quarter ending March 25. However, the stock's current performance is impacted by its recent price movements and the overall decline in the shipbuilding sector, which has fallen by 2.3%.
In the broader market context, Cochin Shipyard's recent performance contrasts with the Sensex, which has shown a slight decline of 1.42% over the past week. While the stock has outperformed the benchmark significantly over a three-year period with a return of 1104.09%, its short-term performance indicates a struggle against the backdrop of a falling sector and a broader market that has not been as negatively impacted. The rising investor participation, indicated by increased delivery volume, suggests some underlying interest in the stock, but the current liquidity and moving averages indicate a cautious trading environment.