Why is Onix Solar falling/rising?

As of 11-Aug, Onix Solar Energy Ltd is experiencing a decline in its stock price, currently at Rs 451.90, which reflects a decrease of Rs 9.2 or 2.0%. The stock has been underperforming, having fallen for six consecutive days, resulting in a total decline of 11.39% during this period. Today's performance indicates that the stock opened with a loss of 2% and has not traded outside this price point. Despite positive financial results reported for March 25, including a higher PAT and PBDIT, the stock's recent movement is negatively impacted by a significant drop in investor participation, with delivery volume decreasing by 93.63% against the five-day average.
In the broader market context, Onix Solar's short-term return over the past week is -9.58%, which starkly contrasts with the Sensex's minor decline of only 0.51%. This underperformance relative to the benchmark suggests that investor sentiment towards Onix Solar is currently weak, despite its impressive year-to-date return of 95.92% and a remarkable three-year return of 536.93%. The liquidity of the stock remains adequate for trading, but the falling investor interest may indicate a cautious outlook among shareholders, particularly as the majority are non-institutional investors.