Why is Paramount Comm. falling/rising?

As of 23-Sep, Paramount Communications Ltd is currently priced at 47.03, reflecting a decrease of 0.19 or 0.4%. The stock has underperformed its sector today by 0.32% and has experienced a consecutive decline over the last two days, totaling a drop of 2.85%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 45.83% on September 22, the stock's performance over the past year has been significantly negative, with a return of -49.17% compared to the Sensex's -3.33%. The company's recent financial results have shown a decline in profitability, with a 32.03% drop in PAT over the last six months and the lowest operating profit to net sales ratio recorded.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.55% compared to the Sensex's -0.34%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current valuation or business prospects. Although the company has demonstrated healthy long-term growth in net sales and operating profit, the significant decline in profits and the flat results reported for June 25 have raised concerns among investors, contributing to the stock's downward trajectory.