Why is Paras Defence falling/rising?

As of 29-Aug, Paras Defence and Space Technologies Ltd is experiencing a price increase, currently at Rs 648.40, reflecting a rise of 8.4 points or 1.31%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and reached an intraday high of Rs 655.9. Despite this positive movement today, the stock has seen a decline of 5.49% over the past week and 3.74% over the past month. However, it has performed well year-to-date with a return of 29.03% and has consistently declared positive results over the last five quarters, including a significant growth in net sales and profit after tax. The company maintains a low debt-to-equity ratio, which is favorable for its financial health.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month, it has still managed to generate a positive return of 6.62% over the past year compared to the negative returns of the broader market. The falling investor participation, indicated by a 38.83% drop in delivery volume, may suggest caution among investors despite the stock's recent gains. Overall, while the stock is currently rising, the mixed signals from short-term performance and investor behavior indicate a complex market sentiment surrounding Paras Defence.