Why is Praj Industries falling/rising?

As of 21-Aug, Praj Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 412.00, reflecting a change of 0.9 (0.22%) upward. The stock is currently 3.56% away from its 52-week low and has outperformed its sector by 0.47% today. However, it has shown a significant decline of 17.58% over the past month and a staggering 49.84% year-to-date. The company has reported negative results for the last three consecutive quarters, with a fall in net sales of 8.43%, which has contributed to its poor performance. Despite having a low debt-to-equity ratio and strong long-term growth fundamentals, the stock's profitability has been negatively impacted, as indicated by a return on equity (ROE) of 14.2 and a decline in profits by 51.2% over the past year.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.74% over the past week. While Praj Industries has shown a minor uptick today, its long-term performance has been underwhelming, with a return of -47.25% over the past year compared to the Sensex's gain of 1.35%. The stock's liquidity remains adequate for trading, but a significant drop in investor participation, with delivery volume falling by 61.75% against the 5-day average, indicates waning interest among investors. This combination of factors suggests that while there may be some short-term gains, the overall sentiment surrounding Praj Industries remains cautious due to its recent financial struggles and underperformance relative to the broader market.