Why is Onyx Biotec falling/rising?

As of 20-Jun, Onyx Biotec Ltd's stock price is rising, currently at 52.50, reflecting an increase of 2.5 or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.39%. Additionally, the stock's delivery volume has significantly increased, rising by 146.58% against the 5-day average, indicating rising investor participation. In terms of returns, the stock has gained 6.06% over the past week and 4.37% over the past month, which is notably higher than the Sensex's respective gains of 1.59% and 1.74%. However, the stock is still down 11.76% year-to-date, suggesting some longer-term challenges, although specific positive or negative factors were not provided.
Broader Market Context: In the short term, Onyx Biotec's performance has outpaced the benchmark Sensex, which indicates a favorable sentiment towards the stock compared to the broader market. The stock's recent upward movement contrasts with its year-to-date performance, where it lags behind the Sensex's 6.21% gain. This divergence suggests that while the stock is currently experiencing a positive trend, it has faced challenges over a longer horizon, which may be influencing investor sentiment and trading behavior.