Why is Oil Country falling/rising?

As of 18-Jul, Oil Country Tubular Ltd's stock price is currently at Rs 91.04, reflecting an increase of Rs 4.04 or 4.64%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. The stock reached an intraday high of Rs 91.43, showcasing a 5.09% increase, although it also experienced significant volatility with an intraday low of Rs 84. Despite a drop in delivery volume by 69.62% compared to the five-day average, the stock has shown strong performance over various periods, including a 33.12% increase year-to-date and a remarkable 139.58% rise over the past year. The company has consistently reported positive results, with net sales growing by 204.07% in the last quarter and maintaining a high inventory turnover ratio, which supports the stock's upward movement.
In the broader market context, Oil Country's short-term return of 0.60% over the past week contrasts with the Sensex, which has declined by 0.90%. This outperformance highlights the stock's resilience amid a challenging market environment. However, it is important to note that the company faces long-term fundamental challenges, including a low return on capital employed and a high debt-to-EBITDA ratio, which could pose risks to its future growth. Despite these concerns, the stock's recent gains can be attributed to its strong quarterly performance and consistent returns over the past three years, allowing it to outperform the broader market significantly.