Why is Natl. Oxygen falling/rising?

As of 26-Aug, National Oxygen Ltd's stock price is currently at Rs 123.45, reflecting an increase of Rs 7.1 or 6.1%. Today, the stock has shown a positive performance, outperforming its sector by 5.92% and reversing a trend after two consecutive days of decline. It opened with a significant gain of 6.57% and reached an intraday high of Rs 125, indicating strong investor interest, as evidenced by a substantial increase in delivery volume. However, the stock has faced challenges in the longer term, with a negative book value and weak long-term fundamentals, including a decline in net sales and negative results over the last three quarters, which have contributed to its underperformance against benchmarks over the past year.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.64%, while the Sensex has fallen by 1.05%, indicating that the stock has fared slightly better than the overall market. However, the longer-term picture is concerning, with the stock down 9.23% over the past month and 11.38% over the past year, significantly underperforming the Sensex, which has gained 3.39% year-to-date. This consistent underperformance, coupled with weak financial metrics and a negative EBITDA, suggests that while there may be short-term gains, the overall outlook remains risky and uncertain for National Oxygen Ltd.