Why is Cochin Shipyard falling/rising?

As of 18-Jul, Cochin Shipyard Ltd's stock price is currently at 1,869.00, reflecting a decline of 42.35 points, or 2.22%. The stock has been experiencing a downward trend, having lost 3.56% over the last two days. It touched an intraday low of Rs 1858.15, indicating a significant drop. The stock's performance over the past week shows a decline of 5.77%, and over the past month, it has decreased by 12.84%. Despite these short-term challenges, the company has demonstrated strong long-term performance, with a year-to-date increase of 21.38% and an impressive 1056.38% rise over the past 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 its recent quarterly report, which could support its valuation despite the current price drop.
In the broader market context, the Sensex has only declined by 0.90% over the past week, indicating that Cochin Shipyard's recent performance is underperforming compared to the benchmark. The shipbuilding sector as a whole has also seen a decline of 2.2%, aligning with the stock's downward movement. However, there has been rising investor participation, with a 5.7% increase in delivery volume, suggesting that while the stock is currently falling, there is still interest from investors. This liquidity indicates that the stock remains viable for trading, despite the recent price decline.