Why is Onward Technolog falling/rising?

As of 04-Jul, Onward Technologies Ltd is experiencing a price increase, currently at Rs 339.75, reflecting a rise of Rs 4.75 or 1.42%. Today's price summary indicates that the stock has outperformed its sector by 0.71% and has gained after five consecutive days of decline, reaching an intraday high of Rs 344.25. Over the past week, the stock has seen a decline of 5.32%, but it has performed well over the past month with a return of 15.84%. The company has recently reported positive financial results, with a growth in profit after two negative quarters, which may contribute to the recent upward movement. Additionally, the increase in promoter stake by 0.8% signals rising confidence in the company's future.
In the broader market context, while Onward Technologies has shown a strong monthly performance, it has underperformed the benchmark Sensex over the same period, which has increased by 3.01%. The stock's recent trend reversal and positive financial indicators suggest a potential recovery, although the significant drop in investor participation, as evidenced by a 97.96% decrease in delivery volume, raises concerns about liquidity and sustained interest. Overall, while the stock is currently rising, its long-term performance remains mixed, with a year-to-date return of 8.01% compared to the Sensex's 6.77%.