Why is COSCO (India) falling/rising?

As of 09-Jul, COSCO (India) Ltd is experiencing a price increase, currently at 245.10, with a change of 1.45, representing a 0.6% rise. Today, the stock has shown a trend reversal, gaining after two consecutive days of decline and opening with a notable gain of 3.78%. However, despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downtrend. Over the past year, COSCO has generated a return of -25.27%, with profits plummeting by -75.6%. The stock is currently trading at a discount compared to its peers, but it faces challenges such as a high Debt to EBITDA ratio and weak long-term fundamental strength, which contribute to its overall negative performance.
In the broader market context, COSCO's short-term performance has been underwhelming compared to the benchmark, with a 1-week return of -1.21% against a slight gain of +0.15% for the Sensex. This underperformance is consistent with its longer-term returns, where it has lagged behind the benchmark indices over 1 month, year-to-date, and 1 year. The significant drop in delivery volume, down by -88.63% against the 5-day average, suggests falling investor participation, which may further pressure the stock. Overall, while there is a slight uptick in price today, the underlying fundamentals and market conditions indicate a challenging environment for COSCO (India) Ltd.