Why is COSCO (India) falling/rising?

As of 02-Sep, COSCO (India) Ltd's stock price is currently at 239.80, reflecting an increase of 8.7 or 3.76%. Today's performance indicates a positive trend as the stock has outperformed its sector by 4.15% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 244.6, showing a notable rise of 5.84%. However, despite this short-term gain, the stock has experienced a significant decline of 26.37% over the past year, with profits falling by 104.8%. The company has a low Return on Capital Employed (ROCE) of 4.9 and a high Debt to EBITDA ratio of 6.11, indicating weak long-term fundamental strength and low profitability per unit of shareholders' funds.
In the broader market context, COSCO (India) has outperformed the Sensex in the short term, with a 1-week return of +2.57% compared to the Sensex's -0.78%. However, the stock has underperformed the benchmark over longer periods, including a -1.62% return over the past month and a -28.42% year-to-date performance, contrasting with the Sensex's +2.58% YTD return. This disparity highlights the stock's struggles in the long term, despite its recent uptick, and reflects a broader trend of underperformance against the market.