Why is Paramount Cosmet falling/rising?

As of 15-Oct, Paramount Cosmetics (India) Ltd is experiencing a price increase, with its current price at Rs 40.00, reflecting a rise of Rs 2.6 or 6.95%. The stock has shown a positive performance today, outperforming its sector by 5.8% and achieving consecutive gains over the last two days, resulting in a total return of 7.64% during this period. The stock opened with a significant gain of 7.99% and reached an intraday high of Rs 40.39. However, it is important to note that the stock's delivery volume has decreased significantly by 59.95% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is trading higher than its 5-day and 100-day moving averages, it remains below its 20-day, 50-day, and 200-day moving averages, suggesting mixed momentum.
In the broader market context, the stock's short-term return of 2.54% over the past week has outperformed the benchmark Sensex, which recorded a return of 1.02% during the same period. This indicates that despite the stock's overall year-to-date decline of 17.18% compared to the Sensex's gain of 5.72%, it has recently gained traction relative to the market. The stock's performance over the last month also shows a slight increase of 2.38%, again surpassing the Sensex's 1.00% return. This recent upward movement, coupled with the stock's ability to outperform the sector, suggests a potential recovery phase, although the decline in investor participation may pose challenges for sustained growth.