Why is Praj Industries falling/rising?

As of 18-Nov, Praj Industries Ltd's stock price is currently at 344.70, reflecting an increase of 10.85 or 3.25%. The stock has shown a positive trend recently, having outperformed its sector by 4.49% today and achieving a consecutive gain over the last two days with a total return of 4.08%. Despite this short-term uptick, the stock has a troubling long-term performance, with a year-to-date decline of 58.04% and a one-year return of -50.50%. The company has reported negative results for the last four consecutive quarters, including significant drops in profit before tax and profit after tax, which could be contributing to investor caution despite its low debt and strong long-term fundamentals.
In the broader market context, Praj Industries has outperformed the Sensex in the short term, with a weekly return of 5.91% compared to the Sensex's 0.96%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. The high institutional holdings at 32.36% suggest that knowledgeable investors are monitoring the stock closely, yet the company's expensive valuation relative to its peers, combined with declining profits, may lead to continued volatility in its stock price despite recent gains.