Why is Paramount Dye falling/rising?

As of 12-Sep, Paramount Dye Tec Ltd's stock price is currently at 55.85, reflecting a decrease of 1.15, or 2.02%. The stock has underperformed its sector today by 1.44%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has declined, with a delivery volume of 2.4k on 11 September, which is down by 37.5% compared to the 5-day average. The stock has also experienced significant declines over various periods, with a year-to-date drop of 35.36% and a one-month decline of 14.08%, suggesting ongoing challenges for the company.
In the broader market context, the Sensex has shown a positive return of 1.51% over the past week and 2.56% over the past month, contrasting sharply with Paramount Dye's negative returns during the same periods. This underperformance relative to the benchmark indicates that the stock is not only struggling on its own but is also lagging behind the overall market trends. The lack of available positive or negative dashboard factors further complicates the outlook, as there are no specific catalysts identified that could potentially reverse the stock's downward trajectory.