Why is Paramount Comm. falling/rising?

As of 03-Jul, Paramount Communications Ltd's stock price is currently at 58.91, reflecting a decrease of 0.79, or 1.32%. The stock has recently underperformed its sector by 2.75% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this short-term decline, the stock has shown a positive performance over the past week and month, with returns of 4.08% and 6.97%, respectively. 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%. It has also reported positive results for the last 15 consecutive quarters, contributing to a strong return on capital employed (ROCE) of 16.27% and a favorable valuation compared to its peers.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a decline of 0.62% over the past week, while Paramount's stock has gained. However, year-to-date, the stock has underperformed significantly, with a decline of 28.71%, compared to the Sensex's gain of 6.53%. The stock's liquidity is adequate, with a delivery volume increase of 171.98% against the five-day average, indicating rising investor participation. Despite the recent price drop, the stock remains attractive due to its strong fundamentals and valuation metrics, suggesting that the current decline may be a temporary fluctuation rather than a reflection of underlying weakness.