Why is Omaxe falling/rising?

As of 29-Aug, Omaxe Ltd's stock price is currently at Rs 87.61, reflecting an increase of Rs 3.21 or 3.8%. Today, the stock has shown a trend reversal, gaining after seven consecutive days of decline and outperforming its sector by 4.87%. Despite this positive movement, the stock has underperformed significantly over the past week and month, with returns of -3.17% and -13.68%, respectively. The company has a negative book value and weak long-term fundamentals, as evidenced by a substantial decline in operating profit and a high debt-to-EBITDA ratio. Additionally, the stock's performance has been hampered by negative results in the last quarter, with a notable drop in net sales and a high interest burden, contributing to its risky trading status.
Broader market context indicates that while Omaxe has gained today, it has underperformed the broader market over the past year, with a return of -29.74% compared to the BSE500's -5.40%. The stock's volatility today, with an intraday fluctuation of 5.8%, suggests a reaction to market conditions and investor sentiment. Furthermore, the decrease in institutional investor participation, which has fallen by 0.75% in the previous quarter, reflects a lack of confidence in the company's fundamentals compared to retail investors. Overall, while today's price movement is positive, the broader context reveals significant challenges that may continue to affect Omaxe's stock performance in the future.