Why is Omnitex Industri falling/rising?

As of 11-Jul, Omnitex Industries (India) Ltd is experiencing a significant rise in its stock price, currently at 529.85, reflecting an increase of 73.45 or 16.09%. The stock has shown remarkable performance, with a new 52-week high of Rs. 534.95 reached today. Over the past week, it has surged by 47.12%, and in the last month, it has increased by 60.56%. Despite this positive movement, the company faces challenges, including operating losses and weak long-term fundamental strength, as indicated by a negative EBIT to interest ratio and a decline in profits over the past year. These factors suggest a risky investment despite the stock's impressive short-term gains.
In the broader market context, Omnitex's performance stands out against the benchmark, as it has outperformed the Sensex, which has seen a decline of 1.12% over the past week. The stock's ability to generate a return of 221.32% over the last year significantly exceeds the market's average return of 3.26%. However, the falling investor participation, with a notable drop in delivery volume, raises concerns about the sustainability of this upward trend. While the stock is currently liquid enough for trading, the underlying financial weaknesses could pose risks for future performance.