Why is COSCO (India) falling/rising?

As of 06-Aug, COSCO (India) Ltd is experiencing a decline in its stock price, currently at Rs 234.60, which reflects a decrease of Rs 4.55 or 1.9%. Despite opening the day with a gain of 3.66% and reaching an intraday high of Rs 247.9, the stock has been trading lower than its moving averages across various time frames. Over the past week and month, the stock has shown a significant decline of 6.16%, and year-to-date, it has fallen by 29.97%. The recent trading volume indicates rising investor participation, with a notable increase in delivery volume, suggesting some interest despite the overall downward trend. However, the leather sector, in which COSCO operates, has also seen a decline of 4.52%, which may be impacting investor sentiment negatively.
In the broader market context, COSCO's recent performance has been underwhelming compared to the benchmark Sensex, which has only declined by 1.15% over the past week and 3.46% over the past month. Year-to-date, while the Sensex has gained 3.08%, COSCO's significant drop of nearly 30% highlights a stark contrast in performance. This divergence suggests that while the overall market may be stabilizing or improving, COSCO is facing specific challenges that are leading to its continued decline.