Why is Onix Solar falling/rising?

As of 30-Sep, Onix Solar Energy Ltd's stock price is currently at 271.00, reflecting a decrease of 2.4, or 0.88%. The stock has been underperforming, having lost 11.65% over the last four days, and opened today with a loss of 3.07%. It touched an intraday low of Rs 259.75, indicating significant selling pressure. The stock is trading below all its moving averages, which suggests a bearish trend. Despite the company's impressive growth in net sales and positive quarterly results, the recent performance has been overshadowed by a sharp decline in stock price, with a 25.15% drop over the past month.
In the broader market context, Onix Solar's recent performance contrasts sharply with the Sensex, which has gained 0.57% over the same one-month period. The stock's short-term decline of 10.99% over the past week further highlights its underperformance relative to the benchmark index, which has only decreased by 2.23%. While there has been a notable increase in investor participation, as evidenced by a 117% rise in delivery volume, the overall sentiment remains negative, likely influenced by the broader market trends and sector performance, particularly as the Metal - Non Ferrous sector has gained 2.86%.