Why is Praj Industries falling/rising?

As of 10-Jul, Praj Industries Ltd is experiencing a rise in its stock price, currently at 500.10, reflecting an increase of 4.1 or 0.83%. Today's performance indicates that the stock has outperformed its sector by the same percentage. However, despite this positive movement, the stock has shown a decline of 5.10% over the past month and a significant drop of 39.12% year-to-date. The company has a low debt-to-equity ratio and strong long-term fundamentals, with an operating profit growth rate of 31.70%. Nonetheless, it has faced challenges, including a 50.16% decline in profit after tax over the last six months and a 31.54% decrease in returns over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.97% over the past month and a 6.46% rise year-to-date. While Praj Industries has outperformed the sector today, its overall long-term performance has been below par, underperforming the BSE500 over the last three years, one year, and three months. The high institutional holdings at 36.67% suggest that these investors have the resources to analyze the company's fundamentals, which may provide some support for the stock despite its recent struggles.