Why is Paragon Fine falling/rising?

As of 14-Nov, Paragon Fine and Speciality Chemical Ltd is experiencing a decline in its stock price, currently at Rs. 52.35, which represents a decrease of Rs. 3.75 or 6.68%. The stock has hit a new 52-week and all-time low of Rs. 49 today, indicating significant downward pressure. It has underperformed its sector by 6.63% and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 7.18%, and year-to-date, it has plummeted by 44.63%. While there has been a notable increase in investor participation, with delivery volume rising by 150% against the 5-day average, the overall sentiment appears negative, and no positive factors have been identified to counterbalance this trend.
In the broader market context, the Sensex has shown resilience, gaining 1.64% over the past week and 9.58% year-to-date, contrasting sharply with Paragon Fine's performance. This divergence suggests that while the overall market is experiencing upward momentum, Paragon Fine is struggling significantly, indicating company-specific challenges that are not affecting the broader market. The stock's liquidity remains adequate for trading, but the persistent underperformance relative to both the sector and the benchmark highlights ongoing investor concerns that are likely contributing to the stock's decline.