Why is Omnitex Industri falling/rising?

As of 08-Jul, Omnitex Industries (India) Ltd is experiencing a significant rise in its stock price, currently at Rs 393.00, reflecting an increase of Rs 45.5 or 13.09%. The stock reached a new 52-week and all-time high of Rs 409 today, outperforming its sector by 11.26%. Over the past week, the stock has gained 14.73%, and it has shown impressive returns of 140.37% over the last year, significantly higher than the broader market's performance. However, despite this strong price movement, the company faces challenges such as operating losses and a weak ability to service its debt, which could impact long-term investor confidence.
In the broader market context, while Omnitex Industries has outperformed the Sensex, which only increased by 0.02% over the past week, the stock's high volatility today, with an intraday volatility of 8.43%, indicates a fluctuating investor sentiment. The stock's delivery volume has seen a drastic decline of 99.06% against the 5-day average, suggesting a potential decrease in investor participation despite the recent price surge. This combination of strong short-term performance against a backdrop of underlying financial weaknesses may create a complex scenario for investors considering the stock's future trajectory.