Why is Natl. Oxygen falling/rising?

As of 26-Jun, National Oxygen Ltd's stock price is currently at Rs 122.95, reflecting an increase of Rs 6.75 or 5.81%. The stock has shown strong performance today, outperforming its sector by 5.55% and reaching an intraday high of Rs 122.95. Over the past week, the stock has risen by 7.85%, and in the last month, it has increased by 11.02%. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a weak long-term growth outlook, with net sales declining at an annual rate of -1.57% over the past five years. Additionally, the company reported poor financial results in March 2025, with the lowest net sales and operating profit margins, contributing to a risky investment profile.
In the broader market context, while National Oxygen Ltd has outperformed the Sensex in the short term, with a 1-week return of 7.85% compared to the Sensex's 2.94%, it has significantly underperformed over the longer term, with a year-to-date return of -8.14% against the Sensex's 7.19%. This discrepancy highlights the stock's volatility and the challenges it faces in maintaining investor confidence, especially given its negative EBITDA and weak ability to service debt. Despite recent positive trading activity, the overall outlook remains cautious due to the company's fundamental weaknesses and poor historical performance relative to the market.