Why is Prajay Engineers falling/rising?

As of 03-Sep, Prajay Engineers Syndicate Ltd is experiencing a price increase, currently at 28.31, reflecting a change of 2.51 or 9.73% upward. The stock has shown a significant performance today, outperforming its sector by 8.93% and reversing a trend after two consecutive days of decline. Over the past week, the stock has gained 18.80%, while in the last month, it has surged by 53.19%. However, despite these short-term gains, the company faces challenges, including operating losses and a weak long-term fundamental strength, indicated by a negative EBIT to Interest ratio of -12.29 and negative return on equity. The stock is considered risky due to negative EBITDA and has underperformed the market over the past year, with a return of -32.63%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight decline of 0.27% over the past week. While Prajay Engineers has demonstrated strong short-term returns, its long-term outlook remains concerning due to reported losses and a significant drop in investor participation, with delivery volume falling by 40.01% against the 5-day average. This combination of short-term gains amidst long-term challenges suggests a complex situation for investors, highlighting the stock's volatility and the need for caution.