Why is Onward Technolog falling/rising?

As of 23-Jul, Onward Technologies Ltd is experiencing a decline in its stock price, currently at 343.05, reflecting a decrease of 3.45 or 1.0%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in an overall return of -8.41% in the past week. Additionally, the stock's trading volume has significantly decreased, with a delivery volume drop of 75.5% compared to the five-day average. While the company has shown positive financial results in the recent quarter, including record net sales and operating profit margins, it has also faced challenges, such as a substantial decline in its one-year return of -20.41%, which contrasts sharply with the broader market performance. In the broader market context, the stock's recent performance has been notably weaker than the benchmark, as it has underperformed the Sensex, which has gained 0.11% over the past week. Despite the company's attractive valuation and rising promoter confidence, the stock's negative returns over the past year and recent declines indicate a lack of investor enthusiasm. The stock's liquidity remains adequate for trading, but the falling investor participation suggests a cautious sentiment among traders, contributing to the downward pressure on the stock price.