Why is Onix Solar falling/rising?

As of 15-Jul, Onix Solar Energy Ltd's stock price is currently at 394.50, reflecting an increase of 7.7, or 1.99%. The stock has shown strong performance recently, having gained 4.02% over the last two days and outperforming its sector by 1.87% today. Over the past year, Onix Solar has delivered an impressive return of 310.30%, significantly outperforming the BSE500 in each of the last three annual periods. Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 63.96% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, Onix Solar's short-term return of 1.83% over the past week stands in stark contrast to the Sensex, which has declined by 1.36% during the same period. This divergence highlights the stock's resilience and attractiveness relative to the broader market. The company's consistent returns, including a year-to-date increase of 71.04%, further emphasize its strong performance amidst a challenging market environment. Overall, while the stock is experiencing upward movement, the decrease in delivery volume suggests that some investors may be hesitant, which could impact future price stability.