Why is Indo Cotspin falling/rising?

As of 25-Sep, Indo Cotspin Ltd's stock price is currently at Rs 31.72, reflecting an increase of Rs 1.64 or 5.45%. Today, the stock opened with a significant gain of 13.03% and reached an intraday high of Rs 34, although it also experienced a low of Rs 28.51, indicating high volatility with an intraday fluctuation of 8.77%. Over the past week, the stock has outperformed the sector by 6.58% and has shown a positive return of 9.38% over the last month, contrasting with its year-to-date decline of 16.53%. Despite these short-term gains, the company faces challenges, including weak long-term fundamentals, a low return on equity of 2.72%, and a concerning EBIT to Interest ratio of 0.02, which suggests difficulties in servicing its debt.
Broader market context indicates that while Indo Cotspin has shown positive short-term performance, it has underperformed significantly over the past year, with a return of -23.60% compared to the broader market's decline of only -4.71%. This stark contrast highlights the stock's struggle to maintain investor confidence, particularly given its expensive valuation relative to peers and flat financial results reported in June. The falling delivery volume and high volatility further suggest that investor participation is waning, which could impact future price movements. Overall, while the stock has seen a rise in the short term, its long-term outlook remains precarious due to fundamental weaknesses.