Why is Praj Industries falling/rising?

As of 25-Aug, Praj Industries Ltd is experiencing a price increase, currently at Rs 409.25, reflecting a rise of 2.25 (0.55%). Despite this uptick, the stock has shown a significant decline over the past month, down 15.29%, and a staggering 50.18% year-to-date. Today's performance indicates that the stock is trading below all key moving averages and is close to its 52-week low, just 2.91% away from Rs 397.35. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 30.65% compared to the five-day average. The company has reported negative results in recent quarters, with net sales declining by 8.43%, contributing to a year-over-year return of -46.08%.
In the broader market context, Praj Industries has outperformed the Sensex slightly over the past week, gaining 0.70% compared to the benchmark's 0.45%. However, the stock has underperformed the BSE500 over the longer term, which may impact investor sentiment. While the company has strong long-term fundamentals, such as low debt and healthy growth rates, the recent negative financial results and declining sales have overshadowed these strengths. High institutional holdings at 34.3% may provide some stability, but the overall performance trends suggest a cautious outlook for the stock in the near term.