Why is COSCO (India) falling/rising?

As of 28-Aug, COSCO (India) Ltd is experiencing a price increase, currently at Rs 237.55, reflecting a rise of 3.75 or 1.6%. The stock has shown a positive performance today, outperforming its sector by 2.08%, and has gained consecutively over the last two days, with a total return of 1.78% during this period. However, despite this recent uptick, the stock has faced significant challenges, with a year-to-date decline of 29.09% and a one-year return of -29.74%. The company's financial health is concerning, as it has reported a substantial drop in profits by 104.8% over the past year, alongside a weak long-term fundamental strength indicated by a -3.43% CAGR growth in operating profits over the last five years.
In the broader market context, COSCO's recent performance contrasts with the benchmark Sensex, which has shown a positive return of 2.48% year-to-date. The stock's short-term performance has been negative over the past week and month, with declines of 2.74% and 5.62%, respectively, while the Sensex has only decreased by 2.34% and 1.00% in the same periods. This underperformance relative to the benchmark, combined with high debt levels and low profitability metrics, suggests that while there may be some short-term gains, the long-term outlook remains bleak, contributing to investor caution.