Why is Onward Technolog falling/rising?

As of 29-Jul, Onward Technologies Ltd is currently priced at 324.55, reflecting a decrease of 4.95, or 1.5%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.39% during this period. In the past week, the stock has decreased by 6.33%, and over the last month, it has dropped 9.56%. Despite these short-term declines, the company reported positive financial results in June, with net sales reaching a record high of Rs 133.15 crore and an operating profit margin of 12.87%. However, the stock has significantly underperformed over the past year, with a return of -28.08%, which is much worse than the broader market's decline of only -0.02%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only seen a decline of 1.03% over the past week. While Onward Technologies has shown some resilience with a year-to-date return of 3.18%, the overall negative sentiment surrounding the stock, compounded by its substantial year-over-year decline, suggests investor caution. Additionally, despite a rise in investor participation indicated by a 35.18% increase in delivery volume, the stock's liquidity remains adequate for trading, but the overall market conditions and the company's recent performance have led to a downward trend in its stock price.