Why is Praveg falling/rising?

As of 30-Jul, Praveg Ltd's stock price is currently at 465.00, reflecting an increase of 1.4 (0.3%). The stock has experienced a trend reversal, gaining after three consecutive days of decline, and reached an intraday high of Rs 472.95, which is a 2.02% increase. However, despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed significantly over the past year, with a return of -42.79%, while the market benchmark, Sensex, has remained relatively flat at +0.03%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 18.79% against the 5-day average.
In the broader market context, Praveg Ltd's short-term performance has been weaker than the benchmark, which has seen a decline of only 1.50% over the past week compared to Praveg's -1.90%. The company does exhibit some positive attributes, such as a high return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, suggesting strong management efficiency and financial stability. However, the stock is considered expensive relative to its peers, with a high PEG ratio of 22.1, and has seen a reduction in institutional investor participation, which could further pressure the stock's price. Overall, while there are some positive indicators, the combination of poor recent performance, high valuation concerns, and declining investor interest contributes to the stock's current volatility.