Why is John Cockerill falling/rising?

As of 07-Jul, John Cockerill India Ltd is currently priced at Rs 3,505.70, reflecting an increase of Rs 27.7, or 0.8%. The stock has shown a positive performance today, outperforming its sector by 1.05% and marking a consecutive gain over the last two days with a total return of 1.1%. Despite this short-term uptick, the stock has underperformed in the longer term, with a year-to-date decline of 16.53% and a staggering 37.26% drop over the past year. The company's financial health is concerning, as it has reported operating losses for the last five consecutive quarters, with a negative EBIT to interest ratio and a low return on equity. This weak fundamental strength, combined with a significant drop in net sales and negative EBITDA, suggests that while the stock may be experiencing a brief rise, the underlying issues could limit its sustainability.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 6.79% year-to-date. Over the past week, John Cockerill has outperformed the Sensex, which has seen a slight decline of 0.20%. However, the overall trend indicates that the stock has significantly lagged behind the market over the past year, raising concerns among investors. The lack of domestic mutual fund investment further highlights the cautious sentiment surrounding the stock, suggesting that institutional investors may not be confident in its future prospects.