Why is Cochin Shipyard falling/rising?

As of 20-Aug, Cochin Shipyard Ltd's stock price is currently at 1,714.50, reflecting an increase of 6.9 points or 0.4%. Today's price summary indicates that the stock's performance is in line with its sector, although it is trading higher than its 5-day and 200-day moving averages, but lower than its 20-day, 50-day, and 100-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 18.9% against the 5-day average. Despite a negative return of 8.27% over the past month and a significant decline of 17.25% over the past year, the stock has shown a strong year-to-date return of 11.35%, outperforming the benchmark Sensex, which has gained 4.76% in the same period. The company also boasts a low debt-to-equity ratio and positive financial results, including a significant growth in net sales and profit before tax.
In the broader market context, Cochin Shipyard's recent short-term return of 1.85% over the past week slightly outpaces the Sensex's return of 1.64%, indicating a relatively strong performance compared to the benchmark. This suggests that while the stock has faced challenges in the longer term, its recent uptick may be supported by positive operational metrics and a solid financial foundation. The majority ownership by promoters may also instill confidence among investors, contributing to the stock's resilience despite fluctuations in investor participation and liquidity.