Why is COSCO (India) falling/rising?

As of 22-Aug, COSCO (India) Ltd is experiencing a decline in its stock price, currently at Rs 240.50, which reflects a decrease of Rs 3.75 or 1.54%. Today's price movement indicates that the stock opened with a loss of 2.64% and reached an intraday low of Rs 237.8. The stock has underperformed its sector by 0.54% and has fallen after two consecutive days of gains. Over the past week, COSCO has shown a return of +2.47%, but it has underperformed in the longer term, with a one-year return of -30.49%. The company's weak fundamentals are highlighted by a significant drop in profits of 104.8% over the past year, alongside a low return on equity of 4.84% and a high debt-to-EBITDA ratio of 6.11 times, indicating challenges in servicing debt.
In the broader market context, COSCO's recent performance contrasts with the benchmark Sensex, which has returned +0.88% over the past week. While the stock has shown some short-term recovery, its long-term trajectory remains concerning, with a year-to-date decline of -28.21% compared to the Sensex's increase of +4.05%. The company's attractive valuation metrics, such as a 1.4 enterprise value to capital employed, do not seem to be enough to offset the negative sentiment stemming from its weak operational performance and profitability issues. Overall, the combination of poor financial health and underperformance relative to the market contributes to the stock's current downward trend.