Why is COSCO (India) falling/rising?

As of 15-Jul, COSCO (India) Ltd is experiencing a price increase, currently at Rs 248.00, reflecting a rise of 9.1 or 3.81%. The stock has shown a positive performance today, outperforming its sector by 3.54%, and has gained consecutively over the last two days, accumulating a total return of 6.16% during this period. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 25.97% and a one-year return of -24.39%. The company's financial health is concerning, as it has reported a significant drop in profits of 75.6% over the past year, and its return on equity stands at a low 4.84%, indicating weak profitability.
In the broader market context, COSCO (India) has outperformed the Sensex in the short term, with a weekly return of +1.79% compared to the benchmark's -1.36%. However, the stock's long-term performance remains troubling, as it has consistently underperformed the BSE500 over various periods, including the last three years and one year. The company's high debt-to-EBITDA ratio of 6.11 times raises concerns about its ability to service debt, further contributing to its weak long-term fundamental strength. Overall, while the stock is currently rising, the underlying financial issues and poor historical performance suggest caution for investors.