Why is Paragon Fine falling/rising?

As of 25-Aug, Paragon Fine and Speciality Chemical Ltd's stock price is currently at 58.90, reflecting an increase of 3.5, or 6.32%. The stock has outperformed its sector today by 1.9%, and its performance over the past week shows a return of +4.99%. However, despite this recent uptick, the stock's delivery volume has decreased significantly, with a drop of 37.5% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages of 50-day, 100-day, and 200-day, suggesting mixed signals regarding its price momentum. Unfortunately, there is no specific positive or negative dashboard data available to further clarify the factors influencing the stock's recent movement.
In the broader market context, Paragon Fine's short-term performance of +4.99% over the past week significantly outpaces the Sensex, which has only increased by 0.36% during the same period. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that the stock has experienced a substantial decline of 37.70% year-to-date, contrasting sharply with the Sensex's positive return of 5.60%. This long-term underperformance may weigh on investor sentiment despite the recent short-term gains.