Why is Paragon Finance falling/rising?

As of 14-Nov, Paragon Finance Ltd's stock price is currently at Rs 58.00, reflecting an increase of Rs 1.61 or 2.86%. The stock has shown strong performance recently, gaining 5.74% over the last two days and outperforming its sector by 2.1% today. It opened with a significant gain of 4.63% and reached an intraday high of Rs 59. Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 98.03% compared to the 5-day average. The stock is also trading above its moving averages across various time frames, indicating a bullish trend. However, the absence of specific positive or negative factors in the dashboard limits a comprehensive understanding of the underlying reasons for the stock's movement.
Broader market context shows that Paragon Finance has outperformed the Sensex in the short term, with a 1-week return of 11.54% compared to the Sensex's 1.62%. Over the past month, the stock has increased by 20.56%, significantly higher than the Sensex's 3.09% gain. However, it is important to note that year-to-date, the stock is down 14.71%, while the Sensex has risen by 8.22%. This contrast highlights the stock's volatility and the potential for recovery in the short term, despite its longer-term underperformance relative to the broader market.