Why is Omnitex Industri falling/rising?

As of 08-Aug, Omnitex Industries (India) Ltd is experiencing a decline in its stock price, currently at 520.90, which reflects a decrease of 10.6 points or 1.99%. The stock has been on a downward trend, having fallen consecutively for the last eight days, resulting in a total decline of 14.89% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 83.51% and a remarkable 219.67% rise over the past year. Additionally, the stock's delivery volume has significantly increased, indicating rising investor participation, although it has underperformed its sector by 0.55%.
In the broader market context, Omnitex's recent performance contrasts with the Sensex, which has only declined by 0.92% over the past week. While the stock has outperformed the benchmark in the longer term, its short-term performance has been notably weaker, with a 9.58% drop over the past week compared to the Sensex's smaller decline. This suggests that while the stock has strong fundamentals and historical performance, recent market sentiment and consecutive losses may be affecting investor confidence, leading to the current price decline.