Why is Cochin Shipyard falling/rising?

As of 31-Jul, Cochin Shipyard Ltd's stock price is currently at Rs 1,771.40, reflecting a decrease of Rs 14.75 or 0.83%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 1,745, which is a decline of 2.3%. Over the past week, the stock has dropped by 4.58%, and in the last month, it has seen a significant decline of 13.37%. Despite these short-term losses, the stock has shown a year-to-date increase of 15.04% and impressive long-term growth, with a 3-year return of 963.90% and a 5-year return of 977.17%. However, there has been a notable decrease in investor participation, with delivery volume falling by 49.09% compared to the 5-day average. The company maintains a low debt-to-equity ratio, which is a positive factor, along with strong financial results reported for March 2025.
In the broader market context, Cochin Shipyard's recent performance has been weaker compared to the benchmark Sensex, which has only declined by 1.22% over the past week and 3.00% over the past month. This indicates that while the stock is underperforming relative to the market, it has still managed to outperform the Sensex year-to-date. The liquidity of the stock remains adequate for trading, allowing for transactions of up to Rs 3.57 crore based on the 5-day average traded value. Overall, the combination of recent price declines, reduced investor interest, and the stock's relative performance against the benchmark suggests a cautious outlook for Cochin Shipyard Ltd.