Why is Paragon Fine falling/rising?

As of 24-Jul, Paragon Fine and Speciality Chemical Ltd's stock price is currently at Rs. 54.45, reflecting a decrease of Rs. 0.15 or 0.27%. The stock has recently hit a new 52-week low of Rs. 52.55, indicating a significant decline in value. Over the past week, the stock has underperformed with a return of -12.18%, while the Sensex has only decreased by 0.20%. Additionally, the stock has been trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite a notable increase in delivery volume, which rose by 123.4% against the 5-day average, there is no available information on positive or negative factors impacting the stock's recent movement.
In the broader market context, Paragon Fine's short-term performance has significantly lagged behind the benchmark, with a 1-month return of -18.00% compared to the Sensex's slight increase of 0.07%. This stark contrast highlights the stock's struggles relative to the overall market, which has shown resilience with a year-to-date gain of 5.99%. The liquidity of the stock remains adequate for trading, but the overall negative performance metrics suggest that investor sentiment may be cautious, contributing to the stock's downward trend.