Why is Oriental Carbon falling/rising?

As of 10-Jun, Oriental Carbon & Chemicals Ltd is experiencing a significant rise in its stock price, currently at Rs 302.45, reflecting an increase of 50.4 or 20.0%. The stock has shown strong performance recently, with a 44.02% return over the last two days and a notable gain of 14.5% at the opening today. Additionally, it has outperformed its sector by 20.03%. Despite a long-term decline in net sales and operating profit, the company has a low debt-to-equity ratio, which may contribute to investor confidence. However, it is important to note that the stock has been technically classified as mildly bearish, and its long-term growth prospects remain poor, with a return of -55.27% over the past year.
In the broader market context, Oriental Carbon's short-term performance is significantly better than the benchmark, with a 1-week return of +45.51% compared to the Sensex's +2.05%. This stark contrast highlights the stock's recent momentum, despite its historical underperformance over the last three years. The rising investor participation, indicated by a substantial increase in delivery volume, suggests a growing interest in the stock, which may be driving its current price increase. However, the company's consistent underperformance against the benchmark and the bearish technical indicators suggest caution for potential investors.