Why is Cochin Shipyard falling/rising?

As of 29-Aug, Cochin Shipyard Ltd's stock price is currently at Rs 1,608.75, reflecting an increase of Rs 3.95 or 0.25%. The stock has shown a trend reversal today, gaining after five consecutive days of decline, and reached an intraday high of Rs 1,643.95, which is a 2.44% increase. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite a recent drop in delivery volume by 8.75% against the 5-day average, the company has demonstrated positive financial metrics, such as a significant growth in net sales and a high debtors turnover ratio, which may support investor confidence.
In the broader market context, Cochin Shipyard's performance over the past week has been a decline of 5.65%, while the benchmark Sensex has only fallen by 1.84%. This indicates that the stock has underperformed relative to the market in the short term. However, year-to-date, Cochin Shipyard has outperformed the Sensex with a gain of 4.48% compared to the benchmark's 2.14%. The company's low debt-to-equity ratio and strong sales growth suggest potential for recovery, but the recent decline in investor participation and overall market conditions may be contributing to the stock's volatility.