Why is Cochin Shipyard falling/rising?

As of 16-Sep, Cochin Shipyard Ltd's stock price is currently at Rs 1,821.60, reflecting an increase of Rs 14.55, or 0.81%. The stock has been on an upward trend, gaining for the last five consecutive days and achieving a return of 11.79% over the past week. Today's price summary indicates that the stock reached an intraday high of Rs 1,854.45, while the low was Rs 1,762.20. The stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it is below the 100-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 87.99% compared to the 5-day average. The company maintains a low debt-to-equity ratio and has reported positive financial results, including a 27.62% growth in net sales over the past nine months, which supports the stock's recent upward movement.
In the broader market context, Cochin Shipyard's performance has significantly outpaced the benchmark Sensex, with a year-to-date return of 18.30% compared to the Sensex's 5.43%. Over the last week, the stock's return of 11.79% also stands in stark contrast to the Sensex's 1.58% increase, highlighting its strong momentum. The stock has consistently outperformed the BSE500 index over the past three years, further solidifying its position in the market. This combination of strong financial performance, rising investor interest, and favorable comparisons to the broader market indicates a robust demand for Cochin Shipyard's shares, contributing to its rising stock price.