Why is John Cockerill falling/rising?

As of 03-Jul, John Cockerill India Ltd's stock price is currently at Rs 3,467.50, reflecting a decrease of Rs 23.55 or 0.67%. Today, the stock opened with a gain of 3.06% and reached an intraday high of Rs 3,597.95. However, it has underperformed its sector by 1.32%. Over the past week, the stock has shown a slight increase of 0.16%, but it has significantly underperformed over the last month and year, with declines of 7.79% and 39.17%, respectively. The company has faced ongoing challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative performance. The stock's trading is considered risky due to negative EBITDA and a lack of confidence from domestic mutual funds, which hold no stake in the company.
In the broader market context, while the stock has seen a minor uptick in the short term, it has still lagged behind the benchmark Sensex, which has gained 3.10% over the last month. The stark contrast in performance is evident as the stock has generated negative returns of 39.17% over the past year, while the broader market has seen a modest increase of 4.07%. This underperformance highlights the company's ongoing struggles and the lack of investor confidence, further exacerbated by its negative financial results over the last five quarters.