Why is Omnitex Industri falling/rising?

As of 02-Jul, Omnitex Industries (India) Ltd is experiencing a significant rise in its stock price, currently at 375.00, reflecting an increase of 32.45 or 9.47%. The stock has shown strong performance today, outperforming its sector by 9.25% and opening with a gain of 2.17%. It reached an intraday high of Rs 375, although it also saw a low of Rs 330, indicating high volatility with an intraday volatility of 6.38%. Over the past week, the stock has increased by 23.72%, and year-to-date, it has risen by 32.11%, significantly outperforming the benchmark Sensex, which has only increased by 6.75% during the same period. However, it is important to note that the company is facing challenges, including operating losses and a weak ability to service its debt, which may impact long-term investor confidence.
In the broader market context, Omnitex Industries' recent performance stands out against the benchmark, as it has generated a return of 127.34% over the past year, far exceeding the Sensex's 5.00% increase. Despite this impressive short-term performance, the company has reported negative EBITDA and declining profits, which raises concerns about its long-term growth potential. The significant drop in delivery volume by 89.42% against the 5-day average suggests a decrease in investor participation, which could be a warning sign for future price stability. Overall, while the stock is currently rising, the underlying financial issues may pose risks that could affect its trajectory moving forward.