Why is Olympic Oil Ind. falling/rising?

As of 07-Jul, Olympic Oil Industries Ltd is experiencing a decline in its stock price, currently at Rs 30.46, which represents a decrease of Rs 1.55 or 4.84%. The stock has been underperforming significantly, having fallen consecutively for the last eight days, resulting in a total drop of 30.25% during this period. Additionally, the stock is close to its 52-week low, just 2.46% above Rs 29.71. Despite opening with a 5% gain today and reaching an intraday high of Rs 33.61, it ultimately closed lower. The stock's performance over various time frames shows a stark contrast to the benchmark, with a 1-year return of -46.48% compared to a 4.31% gain in the Sensex. The company is also facing challenges such as a negative book value, high debt levels, and poor long-term growth prospects, which contribute to its weak market position.
In the broader market context, Olympic Oil Industries Ltd's recent performance has been notably poor compared to the Sensex, which has only declined by 0.20% over the past week. The stock's significant underperformance is highlighted by its returns over the last month (-30.77%) and year (-46.48%), indicating a troubling trend that diverges sharply from the benchmark's positive performance. The company's weak fundamentals, including a negative EBITDA and high debt-to-equity ratio, further exacerbate investor concerns, leading to a lack of confidence in the stock's recovery potential. Overall, the combination of negative sentiment, poor financial health, and recent price movements suggests a challenging environment for Olympic Oil Industries Ltd.