Why is Prakash Industri falling/rising?

As of 19-Nov, Prakash Industries Ltd is experiencing a decline in its stock price, currently at Rs 139.20, which reflects a decrease of Rs 2.0 or 1.42%. The stock has been underperforming significantly, having fallen consecutively for the last eight days, resulting in a total decline of 13.65% during this period. It is currently trading close to its 52-week low, just 4.81% away from Rs 132.5. The stock's performance over the past year shows a return of -16.67%, contrasting sharply with the Sensex, which has gained 9.81%. Additionally, the company's low delivery volume, which has decreased by 39.9% against the 5-day average, indicates falling investor participation, further contributing to the stock's downward trend.
In the broader market context, Prakash Industries has significantly underperformed compared to the benchmark, with a 1-week return of -11.34% against the Sensex's gain of 0.85%. This underperformance is compounded by the company's weak financial indicators, including a low return on equity (ROE) of 7.59% and a modest annual net sales growth of 5.68% over the last five years. The recent negative financial results, including a 30.9% drop in profit after tax, have likely eroded investor confidence. Furthermore, the minimal stake held by domestic mutual funds suggests a lack of confidence in the company's prospects, reinforcing the stock's downward trajectory in a market that has otherwise shown resilience.