Why is Onix Solar falling/rising?

As of 22-Jul, Onix Solar Energy Ltd's stock price is currently at 435.40, reflecting an increase of 8.5, or 1.99%. The stock has demonstrated strong performance, gaining 14.81% over the past week and outperforming its sector by 2.26% today. It has consistently traded above its moving averages across various timeframes, indicating a bullish trend. Additionally, the stock has shown impressive returns, with a 352.83% increase over the past year and a staggering 7026.02% over the last five years. Positive financial results, including the highest quarterly PAT and PBDIT figures, have further bolstered investor confidence, contributing to the stock's upward movement.
In the broader market context, Onix Solar's recent performance stands in stark contrast to the Sensex, which has seen a decline of 0.47% over the past week. This highlights the stock's resilience and ability to attract investor interest, as evidenced by a significant increase in delivery volume, which rose by 381.81% compared to the five-day average. The stock's liquidity remains favorable, allowing for substantial trading activity. Overall, Onix Solar's strong returns in both the short and long term, coupled with positive financial indicators, have positioned it favorably against the broader market trends.