Why is Paras Defence falling/rising?

As of 25-Aug, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 673.70, which reflects a decrease of Rs 12.4 or 1.81%. Today's price summary indicates that the stock has underperformed its sector by 1.17%, with an intraday low of Rs 666.2, marking a drop of 2.9%. The stock's performance over the past week shows a slight increase of 0.01%, but it has fallen by 13.93% over the past month. Despite these recent declines, the company has demonstrated strong financial health with positive results over the last five consecutive quarters, including a 23.37% growth in net sales and a 39.36% increase in profit after tax. The low debt-to-equity ratio of 0.03 times and consistent returns over the past three years suggest a stable financial position, which may support the stock in the long term.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has increased by 0.45% over the past week. While the stock has shown a year-to-date gain of 34.06% compared to the Sensex's 4.48%, the recent monthly decline indicates a potential correction or market adjustment. The rising investor participation, evidenced by a significant increase in delivery volume, may suggest that some investors are taking advantage of the lower price levels, although the overall market sentiment appears cautious given the stock's recent underperformance relative to both its sector and the benchmark.