Why is Praveg falling/rising?

As of 01-Sep, Praveg Ltd's stock price is currently at Rs 396.25, reflecting an increase of 0.7 (0.18%). The stock has been gaining over the last two days, with a return of 0.32%, although it has underperformed its sector by 1.13%. Despite this recent uptick, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 3.29% away from Rs 383.2. Over the past year, Praveg has experienced a significant decline of 55.70%, while its profits have decreased by 33.3%. The company's low debt-to-equity ratio and high management efficiency, reflected in a return on equity of 26.87%, suggest some underlying strength; however, the recent fall in profit after tax and decreased institutional investor participation raise concerns about its future performance.
In the broader market context, Praveg's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.35% compared to the Sensex's -1.56%. This underperformance is further highlighted by the stock's year-to-date decline of 45.25%, while the Sensex has gained 2.85%. The overall market has seen negative returns, but Praveg's decline has been more pronounced, indicating specific challenges faced by the company. The decrease in institutional investor stakes by 1.64% suggests a lack of confidence among more sophisticated investors, which could further impact the stock's liquidity and market perception.