Why is Paramount Dye falling/rising?

As of 07-Nov, Paramount Dye Tec Ltd's stock price is currently at 56.95, reflecting an increase of 2.95, or 5.46%. The stock has shown a strong performance today, outperforming its sector by 4.81%. In terms of returns, over the past week, the stock has risen by 7.45%, while it has increased by 3.55% over the past month. However, it is important to note that the stock has experienced a significant decline year-to-date, down 34.09%, and over the past year, it has fallen by 30.63%. Additionally, the stock's moving averages indicate that it is currently higher than the 5-day, 20-day, and 50-day moving averages, but lower than the 100-day and 200-day moving averages. There has been a notable decrease in investor participation, with delivery volume dropping by 75.61% against the 5-day average, although the stock remains liquid enough for trading.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 0.89% over the past week and increased by 1.53% over the past month. While Paramount Dye Tec Ltd has outperformed the benchmark in the short term, its year-to-date performance significantly lags behind the Sensex, which has gained 7.81% during the same period. This divergence suggests that while the stock is experiencing a short-term rally, it is still facing challenges in the longer term compared to the overall market.