Why is John Cockerill falling/rising?

As of 09-Jul, John Cockerill India Ltd's stock price is currently at Rs 3,938.50, reflecting an increase of Rs 374.25 or 10.5%. The stock has shown strong performance today, outperforming its sector by 11.43% and achieving a consecutive gain over the last four days with a total return of 15.36% during this period. It reached an intraday high of Rs 4,050, indicating significant volatility with an intraday fluctuation of 7.27%. However, despite this recent positive movement, the company has declared negative results for the last five consecutive quarters, with operating losses and a weak ability to service its debt, which may undermine investor confidence in the long term. In the broader market context, John Cockerill's short-term return of 12.82% over the past week significantly outpaces the Sensex, which only increased by 0.15%. However, the stock has underperformed over the longer term, with a year-to-date return of -6.23% compared to the Sensex's gain of 6.91%. The lack of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may be wary of the company's fundamentals, particularly given its negative EBITDA and declining profitability. This combination of short-term gains amidst a backdrop of long-term struggles reflects a complex situation for the stock, where recent price movements may not fully align with its underlying financial health.