Why is Paramount Dye falling/rising?

As of 24-Sep, Paramount Dye Tec Ltd's stock price is currently at 51.90, showing no change (0.00%). The stock has underperformed significantly over the past month, with a decline of 20.15%, while the benchmark Sensex has increased by 0.75%. Additionally, year-to-date, the stock has fallen by 39.93%, contrasting sharply with the Sensex's gain of 5.97%. Today's performance indicates that the stock has outperformed its sector by 0.43%, but it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 60% compared to the 5-day average, indicating reduced interest among investors.
Broader Market Context: In the short term, the stock's performance has been relatively poor compared to the benchmark, as it has declined by 0.19% over the past week while the Sensex has dropped by 1.08%. This suggests that despite the stock's recent outperformance against its sector today, it is still facing challenges in attracting investor interest and maintaining momentum. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume raises concerns about sustained demand. Overall, the combination of a steep decline in recent returns and falling investor participation contributes to the stock's current stagnation in price movement.