Why is Onward Technolog falling/rising?

As of 27-Jun, Onward Technologies Ltd is experiencing a decline in its stock price, currently at Rs 358.85, which reflects a decrease of Rs 12.4 or 3.34%. Today's price summary indicates that the stock has underperformed its sector by 3.05% and has fallen after two consecutive days of gains. It opened with a loss of 2.21% and reached an intraday low of Rs 356, down 4.11%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 14.63% and 18.84%, respectively. However, it has generated a negative return of 9.36% over the past year, with profits falling by 20.2%. The company's low debt-to-equity ratio and rising promoter confidence, with a 0.8% increase in stake, suggest a solid foundation, but the recent negative quarterly results may be influencing the current price movement.
In the broader market context, Onward Technologies has outperformed the benchmark Sensex in the short term, with a 14.63% return over the past week compared to the Sensex's 2.00%. However, the stock's overall performance over the past year contrasts sharply with the Sensex, which has gained 6.08%. While the stock is trading at a discount compared to its peers and has shown rising investor participation, the recent price drop may reflect market reactions to its latest financial results and the trend reversal after previous gains.