Why is Cochin Shipyard falling/rising?

As of 08-Aug, Cochin Shipyard Ltd's stock price is currently at Rs 1,642.75, reflecting a decline of Rs 52.25 or 3.08%. The stock has been on a downward trend, losing value for the last four consecutive days, with a total drop of 5.62% during this period. It reached an intraday low of Rs 1,632, indicating significant selling pressure. Despite this decline, the company has shown strong financial performance in its latest quarterly results, achieving record highs in net sales and profit after tax, which may provide some support for the stock. Additionally, the company maintains a low debt-to-equity ratio, which is generally viewed positively by investors.
In the broader market context, Cochin Shipyard's recent performance has been notably weaker than the benchmark Sensex, which has only declined by 0.92% over the past week compared to the stock's 4.43% drop. The shipbuilding sector as a whole has also faced challenges, with a reported decline of 3.31%. However, there has been a rise in investor participation, as evidenced by a 33.63% increase in delivery volume on August 7, suggesting that some investors may see value in the stock despite its recent performance. Overall, while the stock has experienced significant short-term declines, its long-term performance remains strong, with impressive gains over the past three and five years.