Why is Natl. Oxygen falling/rising?

As of 21-Aug, National Oxygen Ltd's stock price is currently at Rs 126.85, reflecting an increase of Rs 7.85, or 6.6%. Today's price summary indicates that the stock outperformed its sector by 7.15%, reaching an intraday high of Rs 127. However, the stock has shown a negative trend over the past month, with a decline of 11.91%, and has consistently underperformed against the benchmark over the last three years. The company has reported negative results for the last three consecutive quarters, with a significant drop in net sales and a negative book value, indicating weak long-term fundamental strength. This combination of poor financial performance and falling investor participation, evidenced by a 74.52% drop in delivery volume, suggests that while there may be a short-term uptick, the overall outlook remains concerning.
Broader market context shows that the Sensex has gained 1.74% over the past week, contrasting with National Oxygen's decline of 0.63% in the same period. This underperformance is further highlighted by the stock's year-to-date return of -5.23%, while the benchmark has risen by 4.94%. The broader market appears to be more favorable, which may contribute to the stock's volatility and the perception of it being a risky investment. The company's weak ability to service its debt and negative EBITDA further complicate its position, making it less attractive to investors despite the recent price increase.