Why is Prataap Snacks falling/rising?

As of 03-Sep, Prataap Snacks Ltd's stock price is currently at Rs 984.45, reflecting an increase of Rs 26.9 or 2.81%. The stock has shown a strong performance today, outperforming its sector by 3.29% and has been on a consecutive gain streak for the last five days, resulting in a total return of 9.31% during this period. However, it opened the day with a loss of 2.77% and experienced intraday fluctuations, reaching a high of Rs 991 and a low of Rs 914.9. Despite the recent gains, the company faces challenges, including a significant decline in operating profit over the past five years and negative results for the last five consecutive quarters, which may impact investor sentiment. Additionally, the stock's performance has been strong relative to the broader market, generating a 17.02% return over the past year while the market has seen negative returns.
Broader Market Context: In the short term, Prataap Snacks has outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, while the stock has risen by 9.31%. This indicates that the stock is gaining traction despite broader market challenges. However, it is important to note that institutional investors have reduced their stakes, which could signal concerns about the company's long-term growth potential. The stock's liquidity remains adequate, but the negative operating profits and declining participation from institutional investors may pose risks that could affect its future performance.