Why is Cochin Shipyard falling/rising?

As of 01-Oct, Cochin Shipyard Ltd's stock price is currently at Rs 1,862.85, reflecting an increase of Rs 73.2 or 4.09%. The stock has shown a positive performance today, outperforming its sector by 0.67% and has been on a consecutive gain for the last two days, rising 5.19% during this period. The stock reached an intraday high of Rs 1,930, indicating strong trading activity. Over the past month, the stock has gained 11.25%, significantly outperforming the Sensex, which only increased by 0.77%. Additionally, the company has demonstrated consistent returns over the last three years, with a notable 20.98% year-to-date return, further supported by positive financial results such as a 37.36% growth in net sales over the last six months.
Broader Market Context: In the short term, Cochin Shipyard's performance contrasts with the broader market, as it has experienced a decline of 1.62% over the past week while the Sensex fell by only 0.90%. The shipbuilding sector has gained by 3.48%, indicating a favorable environment for the industry, which may contribute to the stock's upward movement. However, there has been a decline in investor participation, with delivery volume dropping significantly, which could be a concern for future trading activity. Despite this, the company's low debt-to-equity ratio and strong financial metrics, such as a high debtors turnover ratio, suggest a solid operational foundation, supporting the stock's recent rise.