Why is Paras Defence falling/rising?

As of 28-Jul, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 704.70, reflecting a decrease of 9.97%. The stock has underperformed its sector by 8.42% today and has been on a downward trend for the last two days, resulting in a total drop of 13.03% during this period. Additionally, the stock has shown high volatility with an intraday volatility of 7.59%, and it traded in a wide range with a day's low of Rs 704.45. Despite a strong performance in the long term, with a 40.23% increase year-to-date and a 132.19% rise over three years, the recent short-term performance has been negative, with a 13.52% decline over the past month.
In the broader market context, the Sensex has also seen a decline of 1.59% over the past week and 3.77% over the past month, indicating that the market is facing some headwinds. However, Paras Defence's recent performance contrasts sharply with its historical growth, as the company has reported positive results for the last five consecutive quarters, including significant growth in net sales and profit after tax. This suggests that while the stock is currently facing downward pressure, the company's fundamentals remain strong, which may provide a basis for recovery in the future.