Why is Cochin Shipyard falling/rising?

As of 01-Sep, Cochin Shipyard Ltd's stock price is currently at Rs 1,674.50, reflecting an increase of Rs 65.75 or 4.09%. The stock has been gaining for the last two days, with a total return of 4.34% during this period. It reached an intraday high of Rs 1,695, indicating strong performance today. Despite this positive movement, the stock has experienced a decline of 2.59% over the past month and 11.40% over the past year. However, the company has shown positive financial results, including a 27.62% growth in net sales over the last nine months and a high debtors turnover ratio, which may contribute to investor confidence.
In the broader market context, Cochin Shipyard's recent performance contrasts with the benchmark Sensex, which has declined by 1.56% over the past week. While the stock has outperformed the benchmark year-to-date with an 8.75% increase compared to the Sensex's 2.85%, it has lagged behind in the longer term, particularly over the past year. The shipbuilding sector overall has gained by 4.14%, suggesting a favorable environment for the industry, although falling investor participation and lower delivery volumes may indicate caution among investors.