Why is Paramount Comm. falling/rising?

As of 30-Jun, Paramount Communications Ltd is experiencing a price increase, currently at 57.40, reflecting a change of 0.93 or 1.65% upward. The stock has shown a positive trend today, outperforming its sector by 1.68% after two consecutive days of decline. Over the past week, the stock has risen by 7.01%, while it has gained 5.73% over the past month. Despite a year-to-date decline of 30.53%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 21.05% and operating profit at 26.59%. The company has also maintained positive results for the last 15 quarters, which contributes to its attractive valuation, trading at a discount compared to peers.
In the broader market context, the stock's recent performance is notably stronger than the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. This indicates that while the stock has faced significant challenges over the year, it is currently rebounding more robustly than the overall market. However, it is important to note that investor participation has been declining, with a 25.2% drop in delivery volume compared to the five-day average, which could impact future price movements.