Why is Cochin Shipyard falling/rising?

As of 01-Aug, Cochin Shipyard Ltd's stock price is currently at 1,718.95, reflecting a decrease of 52.45 points or 2.96%. The stock has been on a downward trend, having fallen for the last two days and showing a total decline of 3.76% during this period. In terms of performance, the stock has underperformed in the short term, with a 1-week return of -4.76% and a 1-month return of -15.94%. Additionally, the stock's moving averages indicate a mixed performance, being higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. Despite the recent negative price movement, the company has a low debt-to-equity ratio and reported strong financial results in March 2025, including a high debtors turnover ratio and net sales, which may provide some support for the stock.
In the broader market context, the Sensex has also experienced a decline, but to a lesser extent, with a 1-week drop of only -1.06% and a 1-month decline of -3.70%. This suggests that while Cochin Shipyard is facing specific challenges, it is also part of a broader trend in the market. The shipbuilding sector has seen a decrease of -3.08%, indicating sector-wide pressures that may be affecting investor sentiment. Furthermore, there has been a notable decline in investor participation, with delivery volume falling by 30.46% against the 5-day average, which could be contributing to the stock's downward movement. Overall, the combination of sector performance, reduced trading activity, and recent stock performance suggests that Cochin Shipyard is facing headwinds in the current market environment.