Why is Paramount Dye falling/rising?

As of 17-Sep, Paramount Dye Tec Ltd is currently priced at 52.00, reflecting a slight increase of 0.15 or 0.29%. Despite this minor uptick, the stock has underperformed its sector by 0.72% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has seen a decline of 6.22%, and for the month, it has dropped 18.75%. However, there has been a notable increase in investor participation, with delivery volume rising by 223.53% against the 5-day average, suggesting some renewed interest despite the overall negative performance.
In the broader market context, the Sensex has shown a positive return of 1.43% over the past week and 2.84% over the past month, contrasting sharply with Paramount Dye's significant declines. Year-to-date, while the stock has fallen by 39.81%, the benchmark has gained 7.13%. This disparity highlights the stock's struggles relative to the market, which may be influencing investor sentiment and contributing to its recent price movements. Overall, while there is some positive activity in terms of trading volume, the stock's performance remains weak compared to both its historical returns and the broader market trends.