Why is Onix Solar falling/rising?

As of 01-October, Onix Solar Energy Ltd's stock price is rising, currently at Rs 284.55, reflecting an increase of Rs 13.55 or 5.0%. Today's price summary indicates that the stock has outperformed its sector by 5.04% and has experienced a trend reversal after four consecutive days of decline. Despite trading lower than its moving averages across various time frames, the stock has seen a significant increase in delivery volume, rising by 141.67% against the five-day average. Over the past week, the stock has declined by 7.24%, but it has shown a strong year-to-date performance with a return of 23.37%. The company has reported very positive financial results, including a remarkable growth in net sales of 94.24% and a return on equity of 44.9%, which supports a fair valuation.
In the broader market context, while Onix Solar has faced short-term challenges, its year-to-date performance of 23.37% contrasts sharply with the Sensex, which has only increased by 3.64% in the same period. This indicates that Onix Solar has been able to maintain a strong position relative to the benchmark despite recent volatility. The stock's performance over three years shows an impressive return of 364.95%, further highlighting its resilience in the market. Overall, the combination of strong financial results and increased investor participation appears to be driving the recent rise in the stock price.