Why is Paragon Fine falling/rising?

As of 29-Aug, Paragon Fine and Speciality Chemical Ltd is experiencing a slight decline in its stock price, currently at 55.00, reflecting a decrease of 0.05 or 0.09%. The stock has underperformed in the short term, with a 1-week return of -0.72% and a 1-month return of -3.00%. Despite this, today's performance indicates a positive trend as it outperformed its sector by 0.36%. However, the stock is trading below its moving averages across various time frames, which suggests a bearish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 96.43% against the 5-day average, indicating some renewed interest in the stock.
In the broader market context, Paragon Fine's performance contrasts with the benchmark Sensex, which has seen a decline of 1.78% over the past week and 1.59% over the past month. Year-to-date, Paragon Fine has significantly underperformed, with a staggering decline of 41.83% compared to the Sensex's gain of 3.31%. This stark difference highlights the challenges faced by Paragon Fine in the current market environment, despite some positive indicators such as increased trading volume. The absence of specific positive or negative factors further complicates the understanding of the stock's recent movements, leaving a gap in the analysis of its performance drivers.