Why is Onix Solar falling/rising?

As of 18-Aug, Onix Solar Energy Ltd's stock price is currently at Rs 446.65, reflecting an increase of Rs 21.25 or 5.0%. The stock has shown a trend reversal, gaining after nine consecutive days of decline, and opened with a 2% gain today. It reached an intraday high of Rs 446.65, outperforming its sector by 5.01%. Over the past month, the stock has risen by 6.71%, and year-to-date, it has surged by an impressive 93.65%. The company has reported very positive results, including a 94.24% growth in net sales and strong performance metrics over the last three quarters, contributing to the stock's upward momentum.
In the broader market context, the Sensex has increased by 0.83% over the past week, while Onix Solar has declined by 1.16% in the same period, indicating a short-term underperformance relative to the benchmark. However, the stock's year-to-date performance significantly outpaces the Sensex's 4.01% increase, highlighting its strong growth trajectory. The rising investor participation, as evidenced by a 36% increase in delivery volume, further supports the stock's positive outlook despite recent fluctuations. Overall, the combination of solid financial results and improved trading activity has contributed to the stock's recent rise.