Why is Olympic Oil Ind. falling/rising?

As of 04-Aug, Olympic Oil Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 29.01, reflecting a change of 0.01 (0.03%) upward. Despite this minor uptick, the stock has shown a significant decline over the past week, down 4.00%, and a more considerable drop of 21.81% year-to-date. The stock is currently trading close to its 52-week low, just 1.62% away from Rs 28.54. Additionally, it has underperformed its sector by 0.97% today and has been trading below all its moving averages, indicating a bearish trend. The company is facing challenges such as a negative book value, high debt levels, and a weak long-term fundamental strength, which contribute to its poor performance.
In the broader market context, the Sensex has shown a positive return of 0.16% over the past week, contrasting with Olympic Oil's decline. The stock has underperformed the benchmark significantly over various periods, including a staggering 41.98% drop over the last year compared to the Sensex's minimal gain of 0.05%. This underperformance is compounded by falling investor participation, with a dramatic 91.02% drop in delivery volume compared to the 5-day average, suggesting a lack of confidence among investors. Overall, while there is a slight rise in the stock price today, the long-term outlook remains bleak, with persistent negative factors overshadowing any short-term gains.