Why is Onward Technolog falling/rising?

As of 22-Jul, Onward Technologies Ltd is experiencing a decline in its stock price, currently at 346.50, which reflects a decrease of 6.8 points or 1.92%. The stock has been underperforming, having lost 7.49% over the last four days and showing a 2.87% decline over the past week. Despite a positive performance over the last month with a 10.69% increase, the stock's one-year return is significantly negative at -19.23%. The company has reported strong quarterly results, including record net sales and operating profit margins, and has a low debt-to-equity ratio, which suggests an attractive valuation. However, the stock's recent performance is hindered by falling investor participation, with delivery volume dropping by 53.2% compared to the five-day average. In the broader market context, Onward Technologies has underperformed relative to the Sensex, which has seen a minor decline of 0.47% over the past week. While the stock has shown some resilience with a 10.16% year-to-date return compared to the Sensex's 5.18%, its long-term performance remains concerning, especially with a -19.23% return over the past year against the market's positive trajectory. The recent increase in promoter stake indicates confidence in the company's future, yet the overall market sentiment and recent consecutive declines suggest that investors are cautious, impacting the stock's price negatively.