Why is Onward Technolog falling/rising?

As of 01-Aug, Onward Technologies Ltd is experiencing a price increase, currently at 337.65, reflecting a rise of 6.6 or 1.99%. The stock has shown a positive performance today, outperforming its sector by 3.59% and has been on a consecutive gain streak for the last three days, accumulating a total return of 4.04% during this period. Additionally, the stock's current price is higher than its 5-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 20-day moving average. The company has demonstrated strong financial performance with its highest quarterly net sales and operating profit margins, alongside a low debt-to-equity ratio, which contributes to its attractive valuation compared to peers.
In the broader market context, Onward Technologies has outperformed the Sensex over the past week, with a return of +0.43% compared to the benchmark's -1.06%. However, it has underperformed over the last month and year, with a decline of -1.04% and -22.71%, respectively, while the Sensex has also faced negative returns. Despite these longer-term challenges, the recent increase in investor participation, as evidenced by a significant rise in delivery volume, suggests a growing interest in the stock, which may be driven by its recent positive financial results and attractive valuation metrics.