Why is Prajay Engineers falling/rising?

As of 05-Sep, Prajay Engineers Syndicate Ltd's stock price is currently at Rs 26.70, reflecting a decline of Rs 1.22 or 4.37%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.69% during this period. Despite opening with a gain of 3.87% today and reaching an intraday high of Rs 29, it also touched a low of Rs 26.11, indicating high volatility with an intraday fluctuation of 7.57%. Over the past week, the stock has decreased by 0.67%, while its performance over the last month shows a significant increase of 50.17%. However, the company is facing challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative return of 36.43% over the past year.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 1.13% over the past week. While the overall market has shown resilience with a year-to-date return of 3.29%, Prajay Engineers has struggled, with a year-to-date decline of 10.10%. The company's weak long-term fundamental strength, indicated by a negative EBIT to Interest ratio and reported losses, has made it a risky investment compared to its historical valuations. Additionally, falling investor participation, as evidenced by a significant drop in delivery volume, further exacerbates the stock's challenges in the current market environment.