Why is Paramount Dye falling/rising?

As of 15-Sep, Paramount Dye Tec Ltd is experiencing a decline in its stock price, currently at 53.50, which reflects a decrease of 2.35 or 4.21%. The stock has underperformed significantly, with a 1-week return of -5.73% and a 1-month return of -16.41%, while the benchmark Sensex has shown positive returns of +1.20% and +1.78% respectively over the same periods. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with a 25% increase in delivery volume, the overall performance remains weak, and no positive or negative dashboard factors are available to provide further insights into the stock's movement.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained ground while Paramount Dye has continued to decline. This divergence highlights the stock's struggles in a generally positive market environment. The liquidity of the stock is adequate for trading, but the significant underperformance against the benchmark suggests that investor sentiment may be cautious, further contributing to the downward pressure on the stock price.