Why is Paras Defence falling/rising?

As of 21-Jul, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 774.15, which reflects a decrease of Rs 21.5 or 2.7%. The stock has underperformed its sector by 3.97% today and has been on a downward trend for the last two days, accumulating a total loss of 4.16% during this period. Additionally, the stock has shown a negative return of 2.41% over the past week and 6.42% over the past month. Despite these short-term declines, the company has demonstrated strong long-term performance, with a year-to-date increase of 54.05% and a 150.76% rise over the past three years. The company has also reported positive financial results, including a 49.78% growth in net profit and consistent positive results over the last four quarters, which suggests underlying strength despite the recent price drop.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only seen a slight decline of 0.06% over the past week and 0.25% over the past month. This indicates that while Paras Defence is facing specific challenges leading to its price drop, the overall market is relatively stable. The falling investor participation, as evidenced by a 26.58% decrease in delivery volume compared to the five-day average, may also be contributing to the stock's decline. Despite the company's solid fundamentals and historical performance, the current market sentiment appears to be affecting investor confidence, leading to the recent downturn in the stock price.