Why is Praj Industries falling/rising?

As of 18-Sep, Praj Industries Ltd is experiencing a slight increase in its stock price, currently at 391.45, reflecting a change of 1.1 or 0.28% upward. The stock has gained after three consecutive days of decline, although it remains close to its 52-week low, just 0.87% away from Rs 388.1. In the past week, the stock has shown a modest return of +0.20%, but it has significantly underperformed over the longer term, with a year-to-date decline of -52.34% and a one-year return of -46.74%. Despite these challenges, the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and healthy growth in net sales and operating profit over the years. However, recent negative results, including a fall in net sales and consecutive quarterly losses, have contributed to the stock's underperformance.
In the broader market context, the Sensex has outperformed Praj Industries, gaining +1.80% over the past week and +6.24% year-to-date. This contrast highlights the stock's struggles relative to the benchmark. The rising investor participation, indicated by a 35.49% increase in delivery volume, suggests some renewed interest, but the stock's performance remains below its moving averages, indicating ongoing challenges. The high institutional holdings at 34.3% may provide some stability, but the overall sentiment is tempered by the company's recent negative financial results and significant declines in profitability, which have led to a cautious outlook among investors.