Why is Praj Industries falling/rising?

As of 11-Nov, Praj Industries Ltd is experiencing a decline in its stock price, currently at Rs. 325.45, which represents a decrease of Rs. 5.35 or 1.62%. The stock has hit a new 52-week low of Rs. 324.75 today and has underperformed its sector by 1.21%. Over the past week, the stock has fallen by 3.93%, and it has been on a consecutive downward trend for the last five days, resulting in a total decline of 4.32%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite the negative performance, there has been a rise in investor participation, with delivery volume increasing by 43.01% compared to the five-day average, suggesting some interest from investors.
In the broader market context, Praj Industries has significantly underperformed compared to the Sensex, which has gained 0.49% over the past week while the stock has dropped. The company's financial results have been disappointing, with negative results reported for the last four consecutive quarters, leading to a substantial decline in profits. Although the company has strong long-term fundamentals, such as low debt and healthy sales growth, the recent poor performance and high valuation relative to peers have contributed to the stock's decline. Overall, the combination of negative quarterly results and underperformance against the benchmark has led to a bearish sentiment surrounding Praj Industries.