Why is Praj Industries falling/rising?

As of 17-Sep, Praj Industries Ltd is experiencing a decline in its stock price, currently at 390.35, which reflects a decrease of 0.9 or 0.23%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 0.66% during this period. It is also trading close to its 52-week low, just 0.58% away from Rs 388.1. Over the past week, the stock has decreased by 0.78%, and its performance over the last month shows a significant drop of 5.19%. While the company has strong long-term fundamentals, including a low debt-to-equity ratio and healthy growth in net sales, it has faced challenges with a 51.2% decline in profits over the past year, contributing to its negative stock performance.
In the broader market context, Praj Industries has underperformed the benchmark Sensex, which has gained 1.56% over the past week, while the stock has seen a decline. This trend continues over one month, where the Sensex has increased by 2.60%, contrasting with the stock's 5.19% drop. The company's recent negative financial results, including a significant fall in net sales and profitability, have further pressured its stock price. Despite high institutional holdings that suggest confidence in the company's long-term potential, the recent performance metrics indicate a struggle to maintain investor interest in the short term.