Why is Oil Country falling/rising?

As of 13-Jun, Oil Country Tubular Ltd's stock price is rising, currently at Rs 79.34, reflecting an increase of Rs 2.94 or 3.85%. The stock has shown strong performance today, having outperformed its sector by 4.74% and achieving a consecutive gain over the last three days, with a total return of 7.58% during this period. Despite opening with a loss of 6.49%, the stock reached an intraday high of Rs 79.47, indicating positive momentum. Over the past month, the stock has gained 22.12%, and it has delivered an impressive 105.76% return over the last year, significantly outperforming the BSE 500 index. The company has also reported positive results for the last four consecutive quarters, with net sales growing by 337.41% in the latest six months, contributing to investor confidence.
In the broader market context, while Oil Country has shown strong short-term returns, the benchmark Sensex has declined by 1.30% over the past week. This contrast highlights the stock's resilience amid a generally weak market environment. However, it is important to note that the company faces challenges, including a weak long-term fundamental strength indicated by an average Return on Capital Employed (ROCE) of 0% and a high Debt to EBITDA ratio. Additionally, 66.47% of promoter shares are pledged, which could exert downward pressure in adverse market conditions. Despite these risks, the stock's recent performance reflects strong investor participation and positive sales growth, contributing to its upward price movement.