Why is Cochin Shipyard falling/rising?

As of 18-Sep, Cochin Shipyard Ltd's stock is rising, with a current price of 1,906.90, reflecting an increase of 17.0 points or 0.9%. The stock has shown strong performance, gaining 15.46% over the past week and 10.78% over the last month, significantly outperforming the Sensex, which rose by only 1.80% and 2.14% respectively. The stock has been on a consecutive gain streak for the last seven days, and it is trading above all key moving averages, indicating positive momentum. Additionally, the company reported impressive financial metrics, including a 38.51% growth in net sales and a high debtors turnover ratio, contributing to investor confidence and driving the stock price higher.
In the broader market context, Cochin Shipyard's robust performance stands in stark contrast to the Sensex's more modest gains, with the stock achieving a year-to-date return of 23.84% compared to the benchmark's 6.24%. This significant outperformance over various periods, including a staggering 894.34% increase over three years, highlights the company's strong market position and consistent returns. The rising investor participation, evidenced by a 40.34% increase in delivery volume, further supports the stock's upward trajectory, indicating a healthy liquidity environment for trading. Overall, the combination of strong financial results, consistent returns, and positive market sentiment has contributed to the stock's rise.