Why is Onward Technolog falling/rising?

As of 01-Jul, Onward Technologies Ltd is currently priced at Rs 341.20, reflecting a decrease of Rs 6.1 or 1.76%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 8.09%. Today's trading saw the stock reach an intraday low of Rs 338.25, and it has experienced a significant drop in delivery volume, which fell by 53.55% compared to the five-day average. Despite these challenges, the company has shown positive financial results in the latest quarter, with a notable growth in profit after tax and net sales, although it has generated a negative return of 19.56% over the past year. The promoters have increased their stake by 0.8%, indicating confidence in the company's future, but the overall negative sentiment may be impacting the stock's performance.
In the broader market context, Onward Technologies has outperformed the Sensex in the short term, with a 1-week return of 11.47% compared to the benchmark's 2.00%. However, the stock's recent decline contrasts with its positive performance over longer periods, such as a 15.62% increase over the past month. The stock's liquidity remains adequate for trading, but the falling investor participation suggests a cautious approach among traders. Overall, while there are positive indicators such as rising promoter confidence and improved financial results, the recent price decline reflects a combination of short-term market pressures and reduced trading activity.