Why is Omnitex Industri falling/rising?

As of 01-Jul, Omnitex Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 342.55, reflecting a decrease of Rs 34.3 or 9.1%. Despite opening with a gain of 4.55% and reaching an intraday high of Rs 395, the stock has faced significant volatility, trading in a wide range of Rs 56.9 and touching a low of Rs 338.1. The company has shown strong performance over the past year with a return of 114.09%, significantly outpacing the market's 5.31% return. However, the company is facing challenges, including operating losses and a weak long-term fundamental strength, which have contributed to the stock's recent downward movement.
In the broader market context, while Omnitex Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of 11.94% compared to the Sensex's 2.00%, the stock's current struggles highlight underlying issues. The company's weak ability to service its debt, as indicated by a negative EBIT to Interest ratio, along with flat results in recent quarters, raises concerns among investors. This combination of high volatility, poor long-term growth prospects, and negative EBITDA has made the stock risky, leading to a sell-off despite its previous strong performance.