Why is Cochin Shipyard falling/rising?

As of 23-Sep, Cochin Shipyard Ltd is experiencing a decline in its stock price, currently at Rs 1,884.60, which reflects a decrease of Rs 37.8 or 1.97%. Today's price summary indicates that the stock has underperformed its sector by 0.41%, with an intraday low of Rs 1,876, marking a drop of 2.41%. Despite this, the stock has shown strong performance over the past week, month, and year, with returns of 3.46%, 10.52%, and 5.83% respectively, significantly outperforming the benchmark Sensex in these periods. The company also maintains a low debt-to-equity ratio and has reported positive financial results, including a notable increase in net sales and profit before tax, which supports its overall stability and growth potential.
In the broader market context, while Cochin Shipyard has shown impressive returns over the year and a remarkable 782.72% increase over the last three years, the current decline is occurring amidst a slight downturn in the Sensex, which has decreased by 0.34% over the past week. The stock's liquidity remains adequate, but a drop in delivery volume by 3.48% against the five-day average suggests a decrease in investor participation, which may be contributing to the recent price decline. Overall, while the stock has a strong historical performance, the current market dynamics and reduced trading activity may be influencing its recent price movement.