Why is Paras Defence falling/rising?

As of 07-Aug, Paras Defence and Space Technologies Ltd is experiencing a price increase, currently at Rs 649.95, reflecting a rise of 6.2 points or 0.96%. The stock has shown a performance today that outperformed its sector by 1.49%, reaching an intraday high of Rs 657.9, which is a 2.2% increase. However, it is noteworthy that the stock has underperformed over the past week and month, with declines of 1.80% and 26.52%, respectively. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed momentum. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 40.36% compared to the 5-day average, which may suggest waning interest despite the current price rise.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 0.69% over the past week and 3.38% over the past month. Year-to-date, Paras Defence has outperformed the Sensex, with a return of 29.34% compared to the benchmark's 3.18%. This indicates that while the stock is facing short-term challenges, it has shown strong performance over a longer timeframe, particularly in the last three years, where it has gained 99.29% compared to the Sensex's 38.08%. The liquidity of the stock remains adequate for trading, which may support its price stability despite the recent fluctuations in investor participation.