Why is Praj Industries falling/rising?

As of 18-Aug, Praj Industries Ltd is experiencing a decline in its stock price, currently at 406.40, which reflects a decrease of 5.3 or 1.29%. The stock has underperformed significantly, with a 1-week return of -8.85% and a 1-month return of -18.61%. Today's performance indicates that it is trading close to its 52-week low, just 2.23% away from Rs 397.35, and is underperforming its sector by 1.7%. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 16.19% against the 5-day average. Despite the company's low debt and strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, the recent negative results and declining sales have overshadowed these strengths.
In the broader market context, Praj Industries' performance is starkly contrasted with the benchmark Sensex, which has shown a positive return of 0.83% over the past week. The company's long-term returns have also been disappointing, with a year-to-date decline of -50.52% compared to the Sensex's gain of 4.01%. The stock has faced challenges, including three consecutive quarters of negative results and a significant drop in net sales, which has contributed to its underperformance against the BSE500 over various time frames. High institutional holdings may provide some stability, but the overall market sentiment remains cautious due to the company's recent financial struggles.