Why is Praj Industries falling/rising?

As of 15-Sep, Praj Industries Ltd is experiencing a decline in its stock price, currently at 391.45, reflecting a decrease of 1.5 or 0.38%. The stock is trading close to its 52-week low, just 0.86% away from Rs 388.1, and has underperformed its sector by 0.42% today. Additionally, Praj Industries has shown negative returns over various periods, including a 1-week decline of 1.93% and a year-to-date drop of 52.34%. The company has faced challenges with falling investor participation, as evidenced by a significant 29.74% decrease in delivery volume compared to the 5-day average. Despite having strong long-term fundamentals, such as a low debt-to-equity ratio and healthy growth rates in net sales and operating profit, the company has reported negative results for the last three consecutive quarters, contributing to its recent price movement.
In the broader market context, Praj Industries' performance has lagged behind the benchmark Sensex, which has gained 1.24% over the past week while Praj has declined. The stock's long-term performance is also concerning, with a 46.26% drop over the past year, contrasting sharply with the Sensex's slight decline of 1.33% in the same timeframe. This underperformance is compounded by the company's recent financial results, which have shown a significant fall in net sales and profitability, leading to a lack of investor confidence. The high institutional holdings at 34.3% indicate that while there is some support from knowledgeable investors, the overall sentiment remains negative due to the company's recent financial struggles and declining performance metrics.