Why is Paragon Finance falling/rising?

As of 23-Jul, Paragon Finance Ltd's stock price is currently at 56.60, reflecting a decrease of 0.65, or 1.14%. The stock has underperformed its sector by 1.68% today, and it has shown erratic trading patterns, having not traded on one day out of the last 20. Additionally, the stock's delivery volume has decreased by 17.83% against the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 3.97%, and it has significantly underperformed the benchmark Sensex, which has gained 0.11%. The company's weak long-term fundamentals are highlighted by operating losses, a decline in net sales at an annual rate of 12.50%, and a substantial drop in operating profit by 23.86%. With a return on equity of just 1 and a price-to-book value of 0.8, the stock is considered expensive compared to its peers, contributing to its negative performance.
In the broader market context, while the Sensex has shown a positive return of 1.01% over the past month and 5.87% year-to-date, Paragon Finance has experienced a significant decline of 12.11% over the last month and 16.76% year-to-date. This stark contrast indicates that the stock is not only underperforming the market but also struggling to attract investor confidence amidst its operational challenges. The overall market has generated returns of 1.79% in the last year, while Paragon Finance has faced a negative return of 9.44%, further emphasizing its struggle in a generally positive market environment.