Why is Praj Industries falling/rising?

As of 30-Jun, Praj Industries Ltd is experiencing a price increase, with its current price at 509.10, reflecting a rise of 9.1 or 1.82%. The stock has outperformed its sector today by 0.59%, and its performance over the past week and month shows gains of 3.76% and 6.08%, respectively. However, despite the recent positive movement, the stock has a year-to-date decline of 38.02% and a one-year return of -30.09%. The company benefits from strong long-term fundamentals, including a low debt-to-equity ratio and a high return on capital employed, which contribute to its healthy operating profit growth. Nevertheless, negative results reported in March, including a significant drop in profit after tax and a lower return on capital employed, indicate challenges that may affect investor sentiment.
In the broader market context, Praj Industries' recent short-term performance has outpaced the Sensex, which has gained 2.09% over the same week and 2.65% over the month. Despite this, the stock's long-term performance remains concerning, as it has underperformed the BSE 500 over the past three years, one year, and three months. The high institutional holdings at 36.67% suggest that informed investors are backing the stock, which may provide some stability. However, the overall negative returns in the past year and the recent disappointing financial results could weigh on future performance, creating a mixed outlook for investors.