Why is Omnitex Industri falling/rising?

As of 17-Jul, Omnitex Industries (India) Ltd is experiencing a price increase, currently at 500.00, reflecting a rise of 17.4 or 3.61%. Today's price summary indicates that the stock has outperformed its sector by 3.33% and has gained after three consecutive days of decline. Despite opening with a loss of 4.89%, it reached an intraday high of Rs 506, showcasing volatility with a wide trading range of Rs 47. Over the past week, the stock has shown a strong performance, increasing by 9.55%, and has generated a remarkable return of 223.10% over the last year, significantly surpassing the market's return of 1.91%. However, the company faces challenges, including operating losses and weak long-term growth, which could impact investor sentiment despite the recent price rise.
Broader market context reveals that while Omnitex Industries has outperformed the benchmark, the Sensex has declined by 1.12% over the past week. The stock's strong performance contrasts with the broader market, highlighting its relative strength. However, the decline in delivery volume by 47.78% against the five-day average suggests a decrease in investor participation, which may raise concerns about sustainability. The company's weak fundamentals, including a negative EBIT to interest ratio and a significant drop in profits despite high returns, indicate potential risks that could affect future price movements.