Why is Om Infra falling/rising?

As of 29-Aug, Om Infra Ltd's stock price is currently at 109.55, reflecting an increase of 7.3, or 7.14%. Today's price movement indicates a trend reversal, as the stock has gained after five consecutive days of decline. Although it opened down by 2%, it reached an intraday high of Rs 114.05, showing significant volatility with a wide trading range of Rs 13.85. Despite the recent uptick, the stock has underperformed over the past month with a return of -7.94%, and a year-to-date decline of -31.72%. The company has a low debt-to-equity ratio of 0.06, but it has faced negative operating profits and has reported losses for the last six consecutive quarters, which raises concerns about its long-term growth potential.
In the broader market context, Om Infra's short-term performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week. While the stock has outperformed its sector today by 6.98%, it has significantly lagged behind the market over the past year, with a return of -43.24% compared to the Sensex's -2.83%. This stark difference highlights the stock's struggles despite today's positive movement, indicating that investor sentiment may still be cautious due to the company's ongoing financial challenges and poor long-term growth prospects.