Why is Onward Technolog falling/rising?

As of 07-Jul, Onward Technologies Ltd's stock price is currently at Rs 327.00, reflecting a decline of Rs 12.75, or 3.75%. The stock has underperformed its sector by 3.11% today, reaching an intraday low of Rs 322.8, which is a drop of 4.99%. Over the past week, the stock has decreased by 5.85%, while it has shown a positive return of 10.44% over the last month. Despite the recent decline, the company has reported positive financial results for March 2025, with a profit after tax growth of 22.12% and a significant increase in net sales. However, the stock has also experienced a substantial year-over-year decline of 21.40%, indicating ongoing challenges despite some positive indicators such as rising promoter confidence, with an increase in their stake by 0.8%.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, suggesting that Onward Technologies' decline is more pronounced than the overall market trend. The stock's performance has been hindered by falling investor participation, with delivery volume dropping significantly by 91.17% against the five-day average. Additionally, while the stock is trading at a discount compared to its peers, the overall negative sentiment reflected in its year-over-year performance may be contributing to the current price movement. The liquidity of the stock remains adequate for trading, but the combination of recent underperformance and declining investor interest may be influencing the downward trend in its stock price.