Why is Paramount Dye falling/rising?

As of 16-Oct, Paramount Dye Tec Ltd is experiencing a decline in its stock price, currently at 49.75, reflecting a decrease of 2.9 or 5.51%. The stock has underperformed significantly, with a performance today that is 7.7% lower than its sector. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also dropped dramatically, with a 94.15% decline compared to the 5-day average, suggesting a lack of investor interest. The stock has shown poor returns over various periods, including a year-to-date decline of 42.42% and a one-year drop of 44.20%, further emphasizing its struggles in the market.
In the broader market context, the Sensex has shown a positive return of 1.60% over the past week, contrasting sharply with Paramount Dye's decline of 8.21% during the same period. This underperformance relative to the benchmark indicates that the stock is not only facing challenges specific to the company but is also lagging behind the overall market trend. The lack of available positive factors further compounds the negative sentiment surrounding the stock, making it difficult for investors to find reasons to buy in at this time.