Why is Onyx Biotec falling/rising?

As of 08-Aug, Onyx Biotec Ltd's stock price is rising, currently at 53.65, reflecting an increase of 3.6 or 7.19%. The stock has shown strong performance recently, with a 10.62% increase over the past week and a 15.75% increase over the past month, significantly outperforming the Sensex, which has declined by 0.82% and 4.54% respectively during the same periods. Today's trading activity indicates a notable rise in investor participation, with delivery volume increasing by 1323.08% compared to the 5-day average. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. There are no positive or negative factors explicitly mentioned, but the strong trading volume and price performance suggest positive sentiment among investors.
In the broader market context, Onyx Biotec's recent performance stands in stark contrast to the Sensex, which has experienced a decline in both the short term and over the past month. While the Sensex has shown a year-to-date increase of 3.04%, Onyx Biotec's year-to-date performance is down by 9.83%. This divergence highlights the stock's resilience and strength in a challenging market environment, as it continues to attract investor interest despite broader market trends.