Why is Paras Defence falling/rising?

As of 07-Nov, Paras Defence and Space Technologies Ltd's stock price is currently at Rs 677.00, reflecting an increase of Rs 6.45 or 0.96%. Despite this uptick, the stock has underperformed its sector by 0.44% today and has experienced a trend reversal after three consecutive days of decline. The stock touched an intraday low of Rs 646.95, indicating a drop of 3.52%. Over the past week, the stock has decreased by 4.46%, while it has shown a year-to-date increase of 34.72%. The company has maintained a low debt-to-equity ratio of 0.03 times and has reported positive results for the last five consecutive quarters, with net sales growing by 23.37% and profit after tax increasing by 39.36%. These factors contribute to a generally positive outlook, despite the recent price fluctuations.
In the broader market context, the stock's performance over the past week contrasts with the Sensex, which has only declined by 0.86%. While Paras Defence has underperformed in the short term, it has significantly outperformed the benchmark over the longer term, with a 28.05% return over the past year compared to the Sensex's 4.62%. The rising investor participation, evidenced by a 102.74% increase in delivery volume, suggests growing interest in the stock, which may help stabilize its price moving forward. Overall, while the stock has faced recent challenges, its strong fundamentals and historical performance indicate resilience in the face of short-term volatility.