Why is Paras Defence falling/rising?

As of 24-Sep, Paras Defence and Space Technologies Ltd is experiencing a decline in its stock price, currently at 708.55, which reflects a decrease of 4.45 points or 0.62%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.26% during this period. Despite this recent downturn, the company has shown strong performance over the longer term, with a year-to-date return of 41.00% and a one-year return of 28.24%, significantly outperforming the broader market, which has seen negative returns. The company has also reported positive financial results over the last five quarters, with net sales growing by 23.37% and profit after tax increasing by 39.36%, indicating solid operational performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 1.18% over the past week. The defence sector overall has also faced a downturn, with a decrease of 2.13%. However, despite the recent price drop, the stock has outperformed its sector by 1.48% today, and rising investor participation is evident with a 5.8% increase in delivery volume compared to the five-day average. The stock remains liquid enough for trading, with a debt-to-equity ratio of 0.03, suggesting a stable financial position. Overall, while the stock is currently facing short-term challenges, its long-term performance and financial health remain strong.