Why is Paragon Fine falling/rising?

As of 18-Sep, Paragon Fine and Speciality Chemical Ltd is experiencing a decline in its stock price, currently at 58.00, which reflects a decrease of 2.7 or 4.45%. The stock has underperformed its sector by 3.95% today, and while it is above the 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 69.03% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 65.06%, contrasting sharply with the Sensex, which has only increased by 0.18%.
In the broader market context, Paragon Fine's short-term performance over the past week shows a gain of 5.55%, which is significantly higher than the Sensex's increase of 1.67%. However, this positive short-term return is overshadowed by the stock's year-to-date decline of 38.66% compared to the Sensex's gain of 7.52%. The overall liquidity of the stock is deemed sufficient for trading, but the falling delivery volume indicates a lack of investor confidence, contributing to the stock's downward movement.