Why is Onward Technolog falling/rising?

As of 09-Sep, Onward Technologies Ltd is experiencing a decline in its stock price, currently at Rs 323.90, reflecting a decrease of Rs 1.9 or 0.58%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 5.54% during this period. It opened the day with a loss of 2.87% and reached an intraday low of Rs 312.7, which is a 4.02% decrease. In terms of performance against benchmarks, the stock has underperformed its sector by 2.75% today and has shown a negative return of 5.83% over the past week, while the Sensex has gained 1.18%. Despite a low debt-to-equity ratio and positive financial results in June, including a significant increase in net sales and profits, the stock's recent performance has been negatively impacted by falling investor participation and liquidity issues.
In the broader market context, the stock's short-term performance contrasts sharply with the Sensex, which has shown positive returns both in the last week and month. While Onward Technologies has generated a return of -22.79% over the past year, the benchmark has only declined by 0.56%. This underperformance, coupled with a significant drop in delivery volume, suggests a lack of investor confidence, despite the company's attractive valuation and positive earnings growth. The IT sector, in which the company operates, has gained by 2.18%, further highlighting the stock's struggles in a generally positive market environment.