Why is Omnitex Industri falling/rising?

As of 16-Jul, Omnitex Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 482.60, which reflects a decrease of Rs 14.4 or 2.9%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 8.92%. Despite opening with a gain of 2% today and reaching an intraday high of Rs 506.95, it also touched a low of Rs 472. The stock has shown impressive returns over the past year, with a remarkable increase of 211.86%, significantly outperforming the broader market, which has only seen a 2.38% rise. However, the company is facing challenges, including operating losses and weak long-term growth, which have contributed to its recent price decline.
In the broader market context, Omnitex Industries has outperformed the Sensex in the short term, with a 1-week return of 4.02% compared to the benchmark's decline of 1.08%. Despite this, the stock's recent performance has been hampered by falling investor participation, as evidenced by a 77.7% drop in delivery volume. The company's weak fundamentals, highlighted by negative EBITDA and poor ability to service debt, raise concerns among investors, leading to the current downward trend in stock price. While the stock has shown strong historical performance, the recent operational challenges and market conditions suggest a cautious outlook moving forward.