Why is Praveg falling/rising?

As of 29-Aug, Praveg Ltd's stock price is currently at Rs 395.55, reflecting a slight increase of 0.55 (0.14%). The stock has been underperforming recently, with a 1-week decline of 5.90% and a 1-month drop of 14.68%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.12% away from Rs 383.2. The company has experienced a significant drop in investor participation, with delivery volume falling by 46.45% compared to the 5-day average. Despite having a high management efficiency with a return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, the stock's performance has been negatively impacted by a substantial year-over-year profit decline of 33.3% and a recent quarterly profit after tax (PAT) that fell by 260.4%.
In the broader market context, Praveg's performance has been notably weaker than the benchmark, with a year-to-date decline of 45.34% compared to a 2.14% increase in the Sensex. Over the past year, while the broader market (BSE500) has seen a negative return of 5.40%, Praveg's stock has plummeted by 55.81%. This stark contrast highlights the stock's significant underperformance relative to the market. Furthermore, institutional investors have reduced their stakes by 1.64%, indicating a lack of confidence among more knowledgeable investors, which may further contribute to the stock's declining trend.