Why is COSCO (India) falling/rising?

As of 28-Jul, COSCO (India) Ltd is currently priced at 251.70, reflecting a decrease of 0.8, or 0.32%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite outperforming its sector by 1.93% today, the stock's performance over the past year has been poor, generating a return of -21.95%, with profits plummeting by 75.6%. The company has a low return on equity of 4.84% and a high debt to EBITDA ratio of 6.11 times, indicating weak long-term fundamental strength. Additionally, the stock is trading at a discount compared to its peers, but the overall negative financial results and declining operating profits contribute to its recent price movement.
In the broader market context, COSCO (India) has outperformed the Sensex in the short term, with a 1-week return of +1.90% compared to the Sensex's -1.59%. However, the stock has underperformed the benchmark over longer periods, including a -24.87% year-to-date return versus the Sensex's +3.52%. The leather sector, in which COSCO operates, has also seen a decline of -2.16%, further impacting investor sentiment. While there has been rising investor participation, the overall negative trends in profitability and long-term performance suggest that the stock's recent decline is influenced by both company-specific challenges and broader sector weaknesses.