Why is Omaxe falling/rising?

As of 17-Jul, Omaxe Ltd's stock price is currently at Rs 107.25, reflecting an increase of Rs 2.95 or 2.83%. The stock has shown positive performance today, outperforming its sector by 1.87% and opening with a gain of 2.59%. It reached an intraday high of Rs 107.5, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 89.96% compared to the 5-day average. However, the company faces challenges such as a negative book value, weak long-term fundamentals, and a high Debt to EBITDA ratio, which may contribute to concerns about its sustainability despite the recent price increase.
In the broader market context, Omaxe's short-term return of +6.75% over the past month contrasts with the Sensex's gain of only +0.83%, indicating a strong relative performance. However, the stock has underperformed over the longer term, with a year-to-date return of -3.29% compared to the Sensex's +5.27%. This underperformance is compounded by the company's negative EBITDA and significant declines in net sales and profits over the last year, which may deter long-term investors, as evidenced by the lack of domestic mutual fund holdings. Thus, while the stock is experiencing a short-term rise, underlying financial weaknesses and market sentiment may pose risks for its future performance.