Why is COSCO (India) falling/rising?

As of 27-Jun, COSCO (India) Ltd's stock price is currently at 258.00, reflecting an increase of 4.05, or 1.59%. Despite this uptick, the stock has underperformed its sector by 0.78% today and has been trading below its moving averages across various time frames. Over the past week and month, the stock has seen declines of 7.81% and 7.82%, respectively, and has generated a negative return of 18.87% over the past year, indicating significant struggles. The company has a low return on equity and has reported a substantial drop in profits, which has contributed to its weak long-term fundamental strength. However, the stock is trading at a discount compared to its peers, which may attract some investors despite its overall negative performance.
In the broader market context, the Sensex has shown a positive return of 2.00% over the past week and 3.07% over the past month, contrasting sharply with COSCO's recent declines. The stock's year-to-date performance is particularly concerning, with a drop of 22.99% compared to the benchmark's gain of 7.58%. This underperformance highlights the challenges COSCO faces in a generally rising market, suggesting that while there may be short-term gains, the long-term outlook remains bleak given the company's financial struggles and inability to generate consistent profits.