Why is Paragon Finance falling/rising?

As of 20-Oct, Paragon Finance Ltd's stock price is currently at Rs 52.50, reflecting an increase of Rs 3.18 or 6.45%. The stock has shown a strong performance today, outperforming its sector by 5.72% and achieving a consecutive gain over the last two days with a total return of 11.39%. Despite opening with a loss of 2.64%, the stock reached an intraday high of Rs 52.50. However, it also experienced a low of Rs 48.02, indicating some volatility. In the context of longer-term performance, the stock has seen a 10.50% increase over the past week, but it remains down 4.72% over the last month and 22.79% year-to-date. Notably, there has been a significant decline in investor participation, with delivery volume dropping by 74.68% against the five-day average, which may be contributing to the stock's recent fluctuations.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.47% over the past week, Paragon Finance's 10.50% rise indicates a stronger short-term performance relative to the market. However, the stock's year-to-date decline of 22.79% contrasts sharply with the Sensex's gain of 7.97%, highlighting a significant underperformance over a longer timeframe. This divergence suggests that while the stock is currently experiencing a positive short-term trend, it has struggled to maintain momentum in the broader market context over the past year.