Why is John Cockerill falling/rising?

As of 14-Jul, John Cockerill India Ltd's stock price is rising, currently at 4,806.55, reflecting an increase of 713.55 or 17.43%. The stock has shown strong performance today, outperforming its sector by 17.09% and reaching an intraday high of Rs 4,911.6, which is a 20% increase. Over the past week, the stock has gained 37.11%, while its one-month return stands at 36.16%. However, despite this recent surge, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -2.04. The company has reported negative results for the last five consecutive quarters, with a notable decline in net sales and profitability, which raises concerns about its long-term fundamental strength.
In the broader market context, while John Cockerill has experienced a remarkable short-term return, the benchmark Sensex has seen a decline of 1.42% over the past week. This stark contrast highlights the stock's recent outperformance. However, it is important to note that the stock has underperformed the market over the past year, generating negative returns of -18.68% compared to the Sensex's positive return of 2.15%. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may suggest a lack of confidence in the company's future prospects, despite the current price increase.