Why is Praj Industries falling/rising?

As of 11-Aug, Praj Industries Ltd is experiencing a decline in its stock price, currently at 445.85, reflecting a decrease of 2.05 points or 0.46%. The stock has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 5.01% during this period. It is also trading close to its 52-week low, just 0.99% away from Rs 441.45. Over the past week, the stock has underperformed with a return of -3.71%, while the benchmark Sensex has only fallen by 0.51%. Additionally, the stock's performance over the past month shows a significant drop of 10.04%, compared to a 2.30% decline in the Sensex. The company's recent financial results have been disappointing, with a reported fall in net sales and negative results for three consecutive quarters, contributing to the stock's poor performance.
In the broader market context, Praj Industries' recent struggles are evident as it has underperformed the BSE500 over various time frames, including the last three years and one year, where it generated a return of -33.94%. Despite having a low debt-to-equity ratio and strong long-term fundamentals, the company's recent financial performance has raised concerns among investors, leading to a decrease in delivery volume by nearly 30% against the five-day average. The high institutional holdings at 34.3% suggest that these investors are closely monitoring the company's fundamentals, but the overall sentiment remains cautious due to the declining profitability and sales figures.