Why is Onix Solar falling/rising?

As of 30-Jun, Onix Solar Energy Ltd's stock price is currently at 358.15, reflecting a decrease of 7.3, or 2.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.96% during this period. Today, it opened with a loss of 2% and touched an intraday low of Rs 358.15. Despite this decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 55.28% and an impressive 3-year return of 1936.10%. Positive financial results reported in March, including the highest quarterly profit after tax and earnings before interest, taxes, depreciation, and amortization, suggest underlying strength, but the recent price movement indicates a short-term correction.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 2.09% over the past week compared to Onix Solar's increase of 1.91%. This underperformance may be contributing to the stock's current decline. Additionally, while the stock remains liquid enough for trading, the recent drop in price and consecutive losses may have led to cautious sentiment among investors, despite rising delivery volumes indicating increased participation. Overall, the combination of recent price declines and relative underperformance against the benchmark suggests a temporary setback for Onix Solar, even as its long-term prospects remain positive.