Why is Paras Defence falling/rising?

As of 22-Sep, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at Rs 733.60, which reflects a decrease of Rs 14.25 or 1.91%. Today's price summary indicates that the stock has underperformed its sector by 1.22%, with an intraday low of Rs 730, marking a drop of 2.39%. Despite a strong performance over the past year, where the stock has generated a return of 30.76% compared to the negative returns of the broader market, recent trading activity shows a significant decrease in investor participation, with delivery volume falling by 61.09% against the 5-day average. The stock remains liquid enough for trading, but its moving averages suggest a mixed outlook, as it is higher than the 5-day, 20-day, 50-day, and 200-day averages but lower than the 100-day average.
In the broader market context, the stock's recent performance can be contrasted with the benchmark Sensex, which has seen a modest gain of 0.46% over the past week. While Paras Defence has outperformed the market over longer periods, including a 6.92% increase over the past month, the current decline may be attributed to short-term volatility and reduced trading activity. The company's solid financial performance, including consistent positive results over the last five quarters and a low debt-to-equity ratio, supports a hold recommendation; however, the recent drop in stock price indicates that investor sentiment may be cautious in the face of declining participation and sector underperformance.