Why is Paragon Fine falling/rising?

As of 23-Jul, Paragon Fine and Speciality Chemical Ltd's stock price is currently at Rs. 54.60, reflecting a decrease of Rs. 2.1 or 3.7%. The stock has hit a new 52-week low today, indicating significant downward pressure. Over the past week, the stock has underperformed with a return of -12.92%, while the benchmark Sensex has remained relatively flat with a change of +0.03%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite a notable increase in delivery volume by 126.85% against the 5-day average, the overall performance remains weak, as it has underperformed its sector by 3.39%. There is no information available regarding positive or negative factors affecting the stock.
Broader Market Context: In the broader market context, Paragon Fine's performance has been significantly poorer than the benchmark Sensex, particularly over the year-to-date period where it has declined by 42.25%, while the Sensex has gained 6.66%. This stark contrast highlights the challenges faced by the company in comparison to the overall market performance. The stock's substantial losses over the past year, with a decline of 59.85%, further emphasize the difficulties it is encountering, contrasting sharply with the Sensex's modest gain of 3.03% during the same timeframe.