Why is Prajay Engineers falling/rising?

As of 21-Jul, Prajay Engineers Syndicate Ltd is experiencing a decline in its stock price, currently at 20.90, reflecting a decrease of 0.3 or 1.42%. The stock has underperformed its sector by 1.87% today and has been on a downward trend for the last three days, resulting in a total decline of 7.89% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported significant operating losses, with a negative return on equity and a weak ability to service its debt, which has contributed to its poor performance. Over the past year, the stock has generated a return of -37.50%, while its profits have only increased by 28.9%, further highlighting its struggles.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, with a 1-week return of -5.00% compared to the Sensex's slight decline of only 0.06%. This underperformance is consistent with the company's long-term challenges, as it has also lagged behind the BSE500 over the past three years, one year, and three months. The company's majority shareholders are non-institutional, which may limit the stock's stability and investor confidence. Overall, the combination of operational losses, negative financial metrics, and poor market performance has led to a significant decline in the stock price of Prajay Engineers Syndicate Ltd.