Why is Cochin Shipyard falling/rising?

As of 04-Sep, Cochin Shipyard Ltd's stock price is currently at Rs 1,675.95, reflecting a decline of Rs 60.75 or 3.5%. The stock has been underperforming, having lost 3.61% over the last two days and touching an intraday low of Rs 1,669. Additionally, it has underperformed its sector by 0.35%. In terms of longer-term performance, the stock has shown a 4.43% increase over the past week, but it has decreased by 3.72% over the past month and 13.12% over the past year. Despite these recent declines, the company has positive indicators such as a low debt-to-equity ratio and strong growth in net sales and profit before tax in its latest financial results, which could suggest underlying strength.
Broader market context indicates that while the Sensex has increased by 0.80% over the past week, Cochin Shipyard's performance has lagged behind, highlighting a disconnect between the stock and broader market trends. The shipbuilding sector itself has also faced challenges, evidenced by a decline of 2.91%. However, the stock has shown resilience in the long term, with impressive returns of 783.71% over three years and 924.89% over five years, indicating that while the current price movement is negative, the overall trajectory of the company remains strong compared to the benchmark.