Why is Onward Technolog falling/rising?

As of 30-Jul, Onward Technologies Ltd is currently priced at 325.15, reflecting a slight increase of 0.6 or 0.18%. The stock has shown a trend reversal, gaining after nine consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -5.22% compared to the Sensex's -1.50%. Additionally, the stock is trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. The company has a low debt-to-equity ratio, and recent quarterly results showed the highest net sales and operating profit margins, which may support its valuation despite a significant year-over-year decline of -29.25%.
In the broader market context, while Onward Technologies has experienced a negative return over the past year, the overall market, represented by the BSE500, has only declined by -2.34%. This indicates that the stock has significantly lagged behind the market, contributing to investor caution. The recent decline in delivery volume by 24.84% against the 5-day average suggests falling investor participation, which could further pressure the stock. Despite the attractive valuation metrics and positive quarterly results, the stock's substantial underperformance relative to the benchmark and the broader market context may continue to weigh on investor sentiment.