Why is Praj Industries falling/rising?

As of 19-Aug, Praj Industries Ltd is experiencing a price increase, currently at Rs 414.65, reflecting a rise of Rs 8.25 or 2.03%. The stock touched an intraday high of Rs 416, indicating some positive momentum, although it remains 4.17% away from its 52-week low. Despite this daily gain, the stock has shown a significant decline of 16.95% over the past month and a staggering 49.52% year-to-date. The company has reported negative results for the last three consecutive quarters, with a recent fall in net sales of 8.43%, which has contributed to its underperformance. However, it maintains a low debt-to-equity ratio and strong long-term fundamentals, with a healthy growth rate in net sales and operating profit, which could support its valuation.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of 0.36% compared to the Sensex's 1.76%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 61.72% decrease in delivery volume against the 5-day average. While the engineering sector has gained 2.09%, Praj Industries' overall performance remains below par, with a return of -44.94% over the past year, indicating a challenging environment for the stock despite its attractive valuation metrics and high institutional holdings.