Why is Onward Technolog falling/rising?

As of 28-Aug, Onward Technologies Ltd is experiencing a price increase, currently at Rs 325.40, which reflects a rise of Rs 6.3 or 1.97%. Today's price summary indicates that the stock has outperformed its sector by 3.71% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 335, representing a 4.98% increase, although it also touched a low of Rs 306.5, indicating some volatility. Over the past week, the stock has underperformed with a return of -2.92%, and it has also seen a significant drop in delivery volume, which fell by 61.25% compared to the 5-day average. Despite a year-to-date return of +3.45%, the stock has faced a substantial decline of -26.65% over the past year, although its profits have increased by 8.6%, suggesting a disconnect between stock performance and profitability.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only -2.34% over the past week. While the stock has shown some positive financial indicators, such as a low debt-to-equity ratio and attractive valuations compared to peers, it has notably underperformed the market over the last year. This underperformance is significant given that the broader market (BSE500) has generated negative returns of -5.01% during the same period. The majority of shareholders are non-institutional, which may influence trading dynamics, but the falling investor participation could signal caution among investors. Overall, the stock's recent rise appears to be a response to short-term trading dynamics rather than a fundamental shift in its long-term outlook.