Why is Olympic Oil Ind. falling/rising?

As of 30-Jun, Olympic Oil Industries Ltd is experiencing a decline in its stock price, currently at Rs 37.48, reflecting a decrease of -1.97 (-4.99%). The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total drop of -14.17%. In terms of returns, the stock has shown a -11.58% decline over the past week and a -12.41% drop over the past month, while it has also underperformed the broader market, as indicated by the Sensex's positive returns of +2.09% and +2.65% for the same periods. The company is trading below all its moving averages, indicating a bearish trend, and has a negative book value, which contributes to its weak long-term fundamental strength.
In the broader market context, the stock's performance is starkly contrasted by the Sensex, which has gained over the same periods. The overall market has shown resilience, with trading in the sector gaining by 2.38%. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the stock's high debt levels and negative EBITDA signal underlying financial instability. Additionally, the stock has generated a return of -29.26% over the past year, further emphasizing its poor performance relative to the benchmark indices and raising concerns among investors about its long-term viability.