Why is Organic Coatings falling/rising?

As of 04-Jul, Organic Coatings Ltd is experiencing a price increase, currently at 17.44, reflecting a rise of 0.83 or 5.0%. The stock has shown strong performance recently, gaining 27.49% over the past week and outperforming its sector by 3.86% today. Despite this positive short-term trend, the company faces significant challenges, including a high debt-to-equity ratio of 10.2 times, which indicates weak long-term fundamental strength. Additionally, the company's net sales and operating profit have seen substantial declines over the last five years, contributing to a risky investment profile. Furthermore, a reduction in promoter confidence, with a 17.83% decrease in their stake, raises concerns about the company's future prospects.
In the broader market context, while Organic Coatings has outperformed the Sensex over the past week and month, it has underperformed year-to-date, with a decline of 7.58% compared to the Sensex's gain of 6.77%. The stock's recent gains come amid a backdrop of falling investor participation, as indicated by a 31.9% drop in delivery volume against the five-day average. This suggests that while the stock is currently rising, there are underlying issues that could affect its sustainability in the long term, particularly given the negative financial indicators and reduced promoter confidence.