Why is Cochin Shipyard falling/rising?

As of 12-Aug, Cochin Shipyard Ltd's stock price is currently at 1,667.90, reflecting an increase of 6.9 points or 0.42%. The stock has been gaining for the last two days, with a total return of 1.53% during this period. Despite a decline of 15.91% over the past month and a significant drop of 28.23% over the past year, the stock has shown strong performance year-to-date with an increase of 8.32%. The company has a low debt-to-equity ratio, which is favorable, and has reported positive financial results, including the highest net sales and profit after tax in the recent quarter. Additionally, the stock's delivery volume has increased significantly, indicating rising investor participation.
In the broader market context, Cochin Shipyard's recent performance contrasts with the benchmark Sensex, which has only declined by 0.59% over the past week. The stock's short-term gains are notable given its recent struggles, as it has outperformed the benchmark in the same timeframe. While the stock has experienced volatility, the current upward movement may be attributed to improved investor sentiment and solid financial metrics, positioning it favorably against the broader market trends.