Why is Paragon Fine falling/rising?

As of 04-September, Paragon Fine and Speciality Chemical Ltd's stock price is currently at 58.10, reflecting an increase of 3.5, or 6.41%. The stock has outperformed its sector today by 7.3%, and it is trading above its 5-day and 20-day moving averages, although it remains below its 50-day, 100-day, and 200-day moving averages. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 11.76% compared to the 5-day average. Year-to-date, the stock has experienced a significant decline of 38.55%, and over the past year, it has dropped by 61.65%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Paragon Fine's short-term return of 5.54% over the past week significantly outpaces the Sensex, which has only increased by 0.95% during the same period. This indicates that while the stock is currently experiencing a positive trend, it has struggled over the longer term, as evidenced by its year-to-date and one-year performance compared to the benchmark. The overall market has shown a modest gain of 4.61% year-to-date, contrasting sharply with Paragon Fine's substantial losses, highlighting the challenges the company faces despite its recent price increase.