Why is Omnitex Industri falling/rising?

As of 25-Jul, Omnitex Industries (India) Ltd is experiencing a price increase, currently at Rs 572.25, reflecting a rise of Rs 27.25 or 5.0%. The stock has shown impressive performance, with a 1-week return of +16.55% and a remarkable 1-month return of +88.80%. It is trading close to its 52-week high, just 0.07% away, and has outperformed its sector by 7.87% today. However, despite these positive movements, 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.
Broader market context reveals that while Omnitex Industries has significantly outperformed the broader market, which has seen negative returns of -0.19% over the last year, the textile sector itself has declined by -2.96%. This contrast highlights the stock's strong performance relative to its peers and the overall market. Despite the positive short-term returns, the company's underlying financial issues, such as poor growth in operating profit and negative EBITDA, suggest that the stock's rise may be unsustainable in the long term.