Why is Natl. Oxygen falling/rising?

As of 01-Sep, National Oxygen Ltd's stock price is currently at Rs 127.95, reflecting an increase of Rs 7.95 or 6.63%. Today's performance indicates that the stock has outperformed its sector by 5.56%, reaching an intraday high of Rs 129.8. However, despite this positive movement, the stock has shown a decline of 3.18% over the past month and a significant drop of 9.58% over the last year. The company has been facing challenges, including a negative book value and weak long-term growth, with net sales declining at an annual rate of -1.04% over the last five years. Additionally, the company has reported negative results for the last three consecutive quarters, with a substantial decrease in profits, which may contribute to investor caution despite the recent price increase.
In the broader market context, the stock's short-term return of +9.97% over the past week contrasts sharply with the Sensex, which has declined by 1.56% during the same period. This suggests that the stock is experiencing a temporary rally amidst a generally unfavorable market environment. However, the stock's long-term performance remains concerning, as it has consistently underperformed against benchmarks over the last three years, with a total return of -20.13% compared to the Sensex's +36.75%. The falling investor participation, as indicated by a significant drop in delivery volume, further highlights the stock's risky nature and the challenges it faces in maintaining investor confidence.