Why is Paras Defence falling/rising?

As of 06-Oct, Paras Defence and Space Technologies Ltd is currently priced at 723.20, reflecting a decrease of 2.0 points or 0.28%. The stock has recently underperformed its sector by 0.42% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock has shown strong performance over various periods, with a 7.76% increase over the past week and a remarkable 43.91% year-to-date return. The company has maintained a low debt-to-equity ratio of 0.03, and it has reported positive results for the last five consecutive quarters, including a 23.37% growth in net sales and a 39.36% increase in profit after tax. These factors contribute to a generally favorable outlook, although the recent price drop indicates some short-term volatility.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only increased by 1.77% over the past week. While the stock has outperformed the broader market significantly over the last year, generating a return of 36.32% compared to the Sensex's 0.12%, the current decline may reflect a natural correction after a period of strong gains. Additionally, the rising investor participation, evidenced by a 75.58% increase in delivery volume, suggests ongoing interest in the stock, which may help stabilize its price in the near future.