Why is John Cockerill falling/rising?

As of 28-Aug, John Cockerill India Ltd's stock price is currently at 4,459.25, reflecting a decrease of 38.75 points or 0.86%. The stock has been on a downward trend, experiencing consecutive falls over the last two days, resulting in a total decline of 2.79%. Although it outperformed its sector by 0.28% today and reached an intraday high of Rs 4,589.95, the overall sentiment remains negative due to weak long-term fundamentals, including a significant decline in operating profits and a negative EBITDA. Additionally, the company's ability to service its debt is concerning, as indicated by a poor EBIT to Interest ratio, and the lack of investment from domestic mutual funds suggests a lack of confidence in the stock's valuation.
In the broader market context, John Cockerill's short-term performance contrasts with the benchmark Sensex, which has seen a decline of 2.34% over the past week while the stock itself has gained 1.39%. This indicates that despite its recent price drop, the stock has managed to perform better than the overall market in the short term. However, the stock's year-to-date return of 6.17% is overshadowed by a 14.11% decline over the past year, highlighting ongoing challenges. The falling investor participation, with a significant drop in delivery volume, further emphasizes the cautious sentiment surrounding the stock, contributing to its current price movement.