Why is Paramount Dye falling/rising?

As of 23-Sep, Paramount Dye Tec Ltd is currently priced at 51.90, reflecting a slight increase of 0.1 or 0.19%. Despite this minor uptick, the stock has been underperforming in the longer term, with a significant decline of 20.15% over the past month and a staggering 39.93% year-to-date. Today's performance indicates that the stock has outperformed its sector by 0.81%, but it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 20% compared to the 5-day average, suggesting a lack of strong buying interest.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.28% over the past week while Paramount Dye has gained 0.10%. However, over the longer term, the stock's performance is concerning, especially with a year-to-date drop of nearly 40% compared to the Sensex's gain of 6.45%. This divergence highlights the challenges faced by Paramount Dye Tec Ltd in attracting investor confidence, particularly in light of its declining trading volumes and overall market liquidity.