Why is Paras Defence falling/rising?

As of 31-Jul, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 661.85, which reflects a decrease of Rs 23.15 or 3.38%. The stock has underperformed its sector by 2.49% today, reaching an intraday low of Rs 658, which is a drop of 3.94%. Over the past week, the stock has seen a significant decline of 18.32%, and for the month, it has fallen by 18.66%. Despite these short-term challenges, the company has shown positive performance over the year-to-date with a gain of 31.70% and a modest increase of 2.60% over the past year. The company maintains a low debt-to-equity ratio of 0.03 times and has reported positive results for the last five consecutive quarters, with net sales growing by 23.37% and profit after tax increasing by 39.36%.
In the broader market context, the Sensex has only declined by 1.22% over the past week and 3.00% over the past month, indicating that the stock's recent performance is significantly worse than the benchmark. The falling investor participation, with a delivery volume drop of 44.84% compared to the five-day average, suggests a lack of confidence among investors. Additionally, while the stock is above its 200-day moving average, it is below its shorter-term moving averages, which may signal bearish sentiment. Overall, the combination of poor short-term returns compared to the benchmark and declining investor interest contributes to the stock's downward movement.