Why is Oswal Overseas falling/rising?

As of 05-Jun, Oswal Overseas Ltd's stock price is rising, currently at Rs. 20.48, reflecting an increase of 0.4 (1.99%). The stock has recently reached a new 52-week and all-time high, outperforming its sector by 0.59%. It has shown a strong performance over the last 10 days, gaining 21.62%, and has outperformed the benchmark Sensex with a 1-week return of +10.29% compared to the benchmark's -0.23%. The stock is technically in a bullish range, supported by positive indicators such as moving averages and bullish trends in various technical metrics. However, despite these positive movements, the company faces significant challenges, including a negative book value, high debt levels, and declining net sales, which have raised concerns about its long-term fundamental strength.
In the broader market context, while Oswal Overseas has significantly outperformed the Sensex over various periods, including a remarkable 298.44% return year-to-date, the overall market has shown more modest gains. The Sensex has only increased by 4.23% year-to-date, highlighting the stock's exceptional performance relative to the broader market. However, the company's negative financial results and declining profitability could pose risks to its continued upward trajectory, as evidenced by its poor long-term growth metrics and negative EBITDA. Thus, while the stock is currently rising, its future performance may be influenced by the underlying financial health of the company.