Why is Paragon Fine falling/rising?

As of 02-September, Paragon Fine and Speciality Chemical Ltd's stock price is currently at 55.45, reflecting an increase of 1.4, or 2.59%. Despite this positive movement today, the stock has shown a decline of 5.70% over the past week and a significant drop of 41.35% year-to-date. Today's performance indicates that it has outperformed its sector by 2.5%. However, the stock is trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 21.05% compared to the 5-day average, which may suggest waning interest among investors.
In the broader market context, the Sensex has experienced a slight decline of 0.54% over the past week, while Paragon Fine's performance has been significantly worse, indicating that the stock is underperforming relative to the benchmark. Over the past month, the stock has also fallen by 4.23%, while the Sensex has remained relatively flat with a 0.06% increase. This disparity highlights the challenges faced by Paragon Fine in the current market environment, despite today's uptick in price. Overall, the combination of declining investor participation and poor long-term performance relative to the benchmark suggests that the stock's recent rise may not be sustainable without a shift in market sentiment or company performance.