Why is Onward Technolog falling/rising?

As of 02-Jul, Onward Technologies Ltd is experiencing a slight decline in its stock price, currently at 340.95, reflecting a decrease of 0.25 or 0.07%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in an overall drop of 8.16% during this period. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 2.91% and 9.97%, respectively. However, the stock's year-to-date performance is still positive at 8.39%, although it has underperformed over the past year with a return of -20.18%. The company has reported a low Debt to Equity ratio and positive results for the latest quarter, which may indicate a potential for recovery, but the recent drop in investor participation and delivery volume suggests a lack of confidence among traders.
In the broader market context, the Sensex has increased by 0.79% over the past week, indicating that Onward Technologies' recent performance is not aligned with the overall market trend. While the stock has outperformed the benchmark in the short term, the significant drop in delivery volume by 97.48% compared to the five-day average raises concerns about liquidity and investor interest. Additionally, the increase in promoter stake by 0.8% reflects confidence in the company's future, which could provide some support for the stock. However, the overall negative sentiment stemming from the consecutive price declines and the stock's underperformance over the past year may be contributing to the current downward movement.