Why is Onix Solar falling/rising?

As of 04-Sep, Onix Solar Energy Ltd's stock price is currently at Rs 316.00, reflecting an increase of Rs 2.5 or 0.8%. Today's price summary indicates that the stock has outperformed its sector by 2.39% and has shown a trend reversal, gaining after three consecutive days of decline. The stock reached an intraday high of Rs 329, marking a 4.94% increase, while it also experienced a low of Rs 298.05, a decrease of 4.93%. Despite a wide trading range of Rs 30.95, the stock's moving averages indicate it is higher than the 200-day moving average but lower than the shorter-term averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 4.45% against the five-day average. The company has reported significant growth in net sales and has declared positive results for the last three consecutive quarters, which contributes to a generally favorable outlook.
In the broader market context, Onix Solar's short-term performance has been less favorable compared to the benchmark, as it has experienced a 1-week decline of 8.37%, while the Sensex has increased by 0.80%. However, the stock has shown strong long-term performance, with a 213.03% return over the past year, significantly outperforming the Sensex, which has declined by 1.98% during the same period. This long-term outperformance, coupled with substantial growth in net sales, suggests that while the stock may be facing short-term volatility, its overall trajectory remains positive, supported by strong fundamentals.