Why is John Cockerill falling/rising?

As of 27-Jun, John Cockerill India Ltd is experiencing a decline in its stock price, currently at Rs 3,452.65, which reflects a decrease of -9.35 or -0.27%. The stock has shown a mixed performance recently, having outperformed its sector by 0.4% today, but it has also faced consecutive losses over the last two days, resulting in a total decline of -0.91%. Although the stock opened with a gain of 2.74% and reached an intraday high of Rs 3,556.95, it has been under pressure due to weak fundamentals, including negative operating cash flows and a significant drop in net sales and profitability. The company has reported negative results for the last five consecutive quarters, which has contributed to a weak long-term outlook and a lack of confidence among investors, as evidenced by the absence of domestic mutual fund holdings.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +5.42% and +23.31%, respectively, compared to the Sensex's +2.00% and +3.07%. However, it has significantly underperformed over the year, with a return of -43.30% against the Sensex's +6.08%. This stark contrast highlights the stock's volatility and the challenges it faces, particularly in light of its weak financial performance and declining investor participation, as indicated by a 61.89% drop in delivery volume. Overall, while there are short-term gains, the long-term outlook remains concerning, contributing to the stock's current downward movement.