Why is Olympic Oil Ind. falling/rising?

As of 10-Sep, Olympic Oil Industries Ltd is experiencing a price increase, currently at Rs 35.29, reflecting a rise of Rs 1.67 or 4.97%. The stock has shown strong performance recently, gaining 21.35% over the past week and outperforming its sector by 5.36% today. However, despite this recent uptick, the company faces significant challenges, including a negative book value and weak long-term fundamentals, which contribute to its overall riskiness. The stock has also seen a decline in investor participation, with delivery volume dropping by 75.21% against the five-day average, indicating potential concerns among investors.
In the broader market context, the stock's short-term performance is notably strong compared to the Sensex, which has only increased by 1.06% over the same week. However, the long-term outlook remains bleak, with the stock down 13.93% over the past year, contrasting sharply with the benchmark's slight decline of 0.61%. This underperformance in the long term, coupled with high debt levels and poor growth metrics, suggests that while the stock may be experiencing a temporary rise, significant underlying issues could hinder its sustainability in the future.