Why is Onward Technolog falling/rising?

As of 26-Jun, Onward Technologies Ltd is experiencing a significant rise in its stock price, currently at Rs 371.25, reflecting an increase of Rs 39.95 or 12.06%. The stock has shown strong performance today, outperforming its sector by 12.12% and has gained 21.28% over the last two days. It opened with a gain of 2.25% and reached an intraday high of Rs 377.05. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 25.00% and 22.12%, respectively. Positive factors contributing to this rise include the company's low debt-to-equity ratio, a recent declaration of positive results after two negative quarters, and an increase in promoter confidence, as promoters have raised their stake by 0.8%.
In the broader market context, Onward Technologies' short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.94% over the past week. The company's year-to-date return of 18.03% also exceeds the Sensex's 7.19% gain. This strong relative performance, coupled with rising investor participation and favorable trading conditions, suggests a robust market sentiment towards Onward Technologies amidst a generally positive outlook for the stock.