Why is Paras Defence falling/rising?

As of 20-Aug, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at 680.80, which reflects a decrease of 1.8 points or 0.26%. The stock has shown a trend reversal after two consecutive days of gains and has underperformed the defence sector, which has fallen by 2.1%. Additionally, the stock's delivery volume has decreased significantly, down 40.83% compared to the 5-day average, indicating falling investor participation. Despite this, the company has demonstrated strong financial performance with positive results over the last five quarters, including a 23.37% growth in net sales and a 39.36% increase in profit after tax, contributing to its overall market-beating performance with a 9.81% return over the past year.
In the broader market context, the stock's short-term performance over the past week shows a slight gain of 1.60%, which is slightly below the Sensex's increase of 1.64%. However, over the past month, Paras Defence has underperformed significantly with a decline of 14.43%, while the Sensex has only marginally increased by 0.12%. This contrast highlights the stock's volatility in the short term compared to the benchmark. Despite the recent downturn, the company's low debt-to-equity ratio and strong growth metrics suggest a solid foundation, which may support future recovery as market conditions stabilize.