Why is Cochin Shipyard falling/rising?

As of 22-Sep, Cochin Shipyard Ltd's stock price is currently at 1,922.40, reflecting an increase of 21.65, or 1.14%. The stock opened with a gain of 2.59% today and reached an intraday high of Rs 1979.6, indicating strong upward momentum. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Despite a significant drop in delivery volume by 37.7% compared to the 5-day average, the company has demonstrated robust financial performance, with a notable increase in net sales and profitability in the latest quarter. The low debt-to-equity ratio and consistent returns over the past three years further support the stock's positive movement.
In the broader market context, Cochin Shipyard has significantly outperformed the benchmark Sensex, with a 1-week return of 6.38% compared to the Sensex's 0.46%, and a 1-month return of 12.74% versus 1.05% for the index. This strong performance underscores investor confidence in the company relative to the overall market. The stock's year-to-date return of 24.85% also highlights its resilience and attractiveness to investors, especially in contrast to the Sensex's 5.15% gain. Overall, the combination of solid financial results, a favorable market position, and consistent outperformance against benchmarks contributes to the stock's rising price.