Why is Omnitex Industri falling/rising?

As of 01-Oct, Omnitex Industries (India) Ltd is experiencing a price increase, currently at Rs 441.00, which reflects a rise of Rs 21.0 or 5.0%. The stock has shown strong performance recently, gaining 13.05% over the last four days and outperforming its sector by 3.82% today. Despite opening with a loss of 4.76%, it reached an intraday high of Rs 441, indicating a recovery during the trading session. Over the past week, the stock has increased by 10.25%, significantly outperforming the Sensex, which has declined by 0.90%. The stock's year-to-date return stands at an impressive 55.36%, while it has generated a return of 37.86% over the past year, contrasting sharply with the Sensex's decline of 3.90%.
In the broader market context, while the stock has been performing well, it is important to note that the overall market has faced challenges, with the BSE500 generating negative returns of -5.88% in the last year. This context highlights the stock's resilience and ability to attract investor interest, as evidenced by a significant increase in delivery volume, which rose by 840.37% against the five-day average. However, the company faces underlying issues, including operating losses and weak long-term fundamental strength, which could pose risks to its future performance. Despite these concerns, the stock's recent gains suggest that investor sentiment remains positive, at least in the short term.