Why is Oswal Overseas falling/rising?

As of 04-Jul, Oswal Overseas Ltd is experiencing a rise in its stock price, currently at Rs.30.88, reflecting an increase of 0.6 or 1.98%. The stock has reached a new 52-week and all-time high today and has shown remarkable performance, gaining 50.78% over the last 21 days. In terms of returns, the stock has outperformed the benchmark Sensex significantly, with a 1-week return of +10.33% compared to the Sensex's -0.74%, and an impressive year-to-date return of +500.78% against the Sensex's +6.77%. However, despite these positive movements, the company has a negative book value and has reported poor long-term growth metrics, including a decline in net sales and operating profit over the last five years, which raises concerns about its fundamental strength.
In the broader market context, while Oswal Overseas has been outperforming the Sensex in both the short and long term, the overall market sentiment may still be cautious due to the company's weak financial fundamentals. The stock's recent gains come amid a backdrop of negative results over the past five quarters, including a significant drop in net sales and profitability. This juxtaposition of strong stock performance against a backdrop of declining financial health suggests that while investor sentiment may currently be positive, there are underlying risks that could impact future performance.