Why is Paras Defence falling/rising?

As of 28-Aug, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at 640.00, reflecting a decrease of 11.6 points or 1.78%. The stock has underperformed its sector by 1.32% today and has been on a downward trend for the last three days, accumulating a total loss of 6.72% during this period. Although the stock remains above its 200-day moving average, it is below the shorter-term moving averages of 5, 20, 50, and 100 days. Despite these recent challenges, the company has shown strong financial performance over the last five quarters, with net sales growing by 23.37% and profit after tax increasing by 39.36%. The low debt-to-equity ratio of 0.03 times also indicates a stable financial position, which could support future recovery.
In the broader market context, the stock has underperformed the benchmark Sensex in the short term, with a 1-week return of -5.96% compared to the benchmark's -2.34%. However, on a year-to-date basis, Paras Defence has outperformed the Sensex significantly, with a return of 27.36% against the benchmark's 2.48%. This suggests that while the stock is currently facing short-term pressures, its long-term performance remains strong, as evidenced by consistent returns over the past three years and a substantial outperformance relative to the BSE500 in recent annual periods.