Why is Oil Country falling/rising?

As of 07-Jul, Oil Country Tubular Ltd's stock price is currently at 91.75, reflecting a slight increase of 0.25, or 0.27%. The stock has shown strong performance recently, outperforming the sector by 0.45% today. It has consistently delivered positive results over the last four quarters, with net sales growing significantly by 204.07%. Additionally, the company has achieved a high inventory turnover ratio and maintains a strong cash position. However, there are concerns regarding its long-term fundamental strength, particularly a low return on capital employed and a high debt to EBITDA ratio, which could impact investor confidence.
In the broader market context, the stock has outperformed the Sensex over various periods, including a 15.55% increase over the last month compared to the benchmark's 1.53%. Despite this, there has been a notable decline in investor participation, with delivery volume falling significantly. This decline in trading activity may indicate a cautious sentiment among investors, despite the stock's strong historical returns and recent positive performance. Overall, while the stock is rising, the mixed signals from its fundamentals and trading activity suggest that investors should remain vigilant.