Why is Paras Defence falling/rising?

As of 29-Jul, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 673.60, which reflects a decrease of Rs 31.1 or 4.41%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 16.87% during this period. Today, it opened with a loss of 3.19% and reached an intraday low of Rs 660.2, marking a significant drop of 6.31%. Despite this downturn, the company has shown positive financial performance over the last five quarters, with net sales growing by 23.37% and profit after tax increasing by 39.36%. However, the recent price movement suggests that investor sentiment may be negatively impacted despite these positive fundamentals.
In the broader market context, the stock's performance over the past week has been notably poor, with a decline of 17.05%, while the benchmark Sensex has only decreased by 1.03%. This stark contrast indicates that the stock is facing challenges that are specific to the company rather than the overall market conditions. Year-to-date, Paras Defence has outperformed the Sensex with a gain of 34.04% compared to the benchmark's 4.09%, but the recent short-term trends suggest a shift in investor confidence. The rising delivery volume indicates increased investor participation, yet the stock's liquidity remains adequate for trading, suggesting that while there may be interest, the current negative sentiment is outweighing the positive financial indicators.