Why is John Cockerill falling/rising?

As of 10-Jul, John Cockerill India Ltd's stock price is rising, currently at 4,142.95, reflecting an increase of 204.45 or 5.19%. The stock has shown strong performance recently, outperforming its sector by 5.4% today and achieving a consecutive gain over the last five days, with a total return of 19.71% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, despite these short-term gains, the company faces significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a negative EBIT to Interest ratio and declining profitability metrics. The company has reported negative results for the last five consecutive quarters, which raises concerns about its long-term viability.
In the broader market context, while John Cockerill has outperformed the Sensex in the short term, with a 1-week return of 19.48% compared to a slight decline of 0.06% for the index, it has underperformed over the longer term, with a year-to-date return of -1.36% against the Sensex's gain of 6.46%. This disparity highlights the stock's volatility and the risks associated with its current valuation, especially given that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future performance. Overall, while the recent price increase may attract attention, the underlying financial issues and historical underperformance present significant risks for investors.