Why is Cochin Shipyard falling/rising?

As of 22-Jul, Cochin Shipyard Ltd is experiencing a decline in its stock price, currently at Rs 1,841.25, reflecting a decrease of Rs 36.6 or 1.95%. The stock has shown a negative performance today, with an intraday low of Rs 1,835, which is a drop of 2.28%. The trading volume has also decreased, with a delivery volume of 3.54 lacs on 21 July falling by 22.58% against the 5-day average. In terms of returns, the stock has performed poorly over the past week and month, with declines of 4.31% and 15.59%, respectively, while it has seen a significant drop of 31.09% over the past year. However, it has shown strong growth over the longer term, with a remarkable increase of 1,034.12% 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 the last quarter.
In the broader market context, the Sensex has also experienced a slight decline of 0.47% over the past week and 0.27% over the past month, indicating that the market is facing some headwinds. Despite the stock's recent struggles, it has outperformed the benchmark index significantly on a year-to-date basis, with a return of 19.58% compared to the Sensex's 5.18%. This suggests that while the stock is currently facing downward pressure, it has been able to deliver strong performance relative to the market over a longer time frame. The combination of falling investor participation and recent price movements may indicate a cautious sentiment among investors, despite the company's solid fundamentals.