Why is Organic Coatings falling/rising?

As of 17-Jul, Organic Coatings Ltd is experiencing a price increase, currently at 19.70, reflecting a change of 0.19 or 0.97% upward. The stock has shown strong performance recently, gaining 5.01% over the last three days and outperforming its sector by 0.55% today. Over the past week, it has risen by 7.07%, and in the last month, it has achieved a remarkable 33.02% increase. However, despite this positive short-term momentum, the company faces significant challenges, including a high debt-to-equity ratio of 10.2 times, weak long-term growth, and negative earnings before interest, taxes, depreciation, and amortization (EBITDA). Additionally, the promoters have reduced their stake by 8.27%, indicating a potential lack of confidence in the company's future.
In the broader market context, Organic Coatings has outperformed the benchmark Sensex, which has declined by 1.12% over the past week while the stock has gained 7.07%. This trend of outperforming the market is evident in the stock's performance over various periods, including a 14.34% increase over the past year compared to the Sensex's 1.91%. However, the stock's liquidity is a concern, with a significant drop in delivery volume, which fell by 99% against the five-day average. This decline in investor participation could pose risks to the stock's continued upward movement despite its recent gains.