Why is Prajay Engineers falling/rising?

As of 20-Jun, Prajay Engineers Syndicate Ltd's stock price is rising, currently at Rs 23.68, reflecting an increase of Rs 1.68 or 7.64%. Today's price summary indicates that the stock has outperformed its sector by 6.07% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 23.68, although it also touched a low of Rs 21.1 during the day, indicating high volatility with an intraday fluctuation of 5.1%. Despite this positive movement, the stock has a concerning long-term outlook due to operating losses and a weak ability to service its debt, evidenced by a negative EBIT to interest ratio of -10.69 and a reported negative return on equity (ROE). Additionally, the company has shown a significant decline in net sales and profitability over recent quarters, which raises concerns about its financial health.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +2.87% compared to the benchmark's +1.59%. However, the stock's year-to-date performance remains poor at -20.27%, while the Sensex has gained 5.46% during the same period. This juxtaposition highlights the stock's volatility and the challenges it faces despite recent gains. The falling investor participation, as indicated by a 68.09% drop in delivery volume, further complicates its outlook, suggesting that while there may be short-term gains, the long-term fundamentals remain weak, leading to a cautious sentiment among investors.