Why is Paras Defence falling/rising?

As of 18-Aug, Paras Defence and Space Technologies Ltd is experiencing a price increase, currently at Rs 673.65, reflecting a rise of 7.85 or 1.18%. The stock opened with a gain of 2.85% today and reached an intraday high of Rs 684.8. Over the past week, the stock has outperformed the sector by 1.74%, with a weekly return of +3.23%. Despite a decline of 15.33% over the past month, the stock has shown strong performance year-to-date with a return of +34.05% and a notable increase of 106.17% over the past three years. The company has maintained 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, while the BSE500 index has generated negative returns of -1.14% over the last year, Paras Defence has managed to outperform with a return of +11.59%. This indicates that the stock is not only resilient but also gaining traction among investors despite a recent drop in delivery volume, which has decreased by 54.69% against the five-day average. The stock's liquidity remains adequate for trading, suggesting that investor interest is still present, contributing to its current upward price movement.