Why is Cochin Shipyard falling/rising?

As of 16-Jul, Cochin Shipyard Ltd's stock price is currently at 1,937.90, reflecting an increase of 13.65, or 0.71%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It is performing in line with its sector today, and the delivery volume has risen by 4.52% compared to the five-day average, indicating increased investor participation. Despite a negative return of -11.43% over the past month and -29.31% over the past year, the stock has a strong year-to-date performance of +25.86%. The company also boasts a low debt-to-equity ratio and has reported positive financial results, including the highest net sales and profit after tax for the quarter.
In the broader market context, while Cochin Shipyard's stock has declined in the short term, the benchmark Sensex has shown a slight increase of 1.02% over the past month. This suggests that the stock's recent performance is lagging behind the market. However, over a three-year period, Cochin Shipyard has significantly outperformed the Sensex with a return of +1104.60%. The liquidity of the stock is adequate for trading, which may support its price stability moving forward. Overall, the combination of recent positive financial indicators and increased trading activity may contribute to the stock's recent upward movement despite its longer-term challenges.