Why is Paras Defence falling/rising?

As of 03-Sep, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at 664.30, down by 5.5 points or 0.82%. Today's price summary indicates that the stock has underperformed its sector by 1.4% and has seen a trend reversal after three consecutive days of gains. Although the stock remains above its 5-day, 20-day, and 200-day moving averages, it is below the 50-day and 100-day moving averages. Additionally, there has been a decrease in investor participation, with delivery volume falling by 4.21% compared to the 5-day average. Despite this recent downturn, the stock has shown strong performance over the past year, with a return of 6.29%, and has consistently outperformed the BSE500 in the last three annual periods.
Broader Market Context: In the short term, Paras Defence has outperformed the benchmark Sensex, gaining 1.95% over the past week while the Sensex declined by 0.27%. This positive trend is further supported by the company's strong financial performance, including a low debt-to-equity ratio and significant growth in net sales and profit after tax over the last six months. The company has also reported positive results for the last five consecutive quarters, which may suggest underlying strength despite the recent price decline. Overall, while the stock is currently facing downward pressure, its historical performance and financial health indicate potential for recovery.