Why is Praveg falling/rising?

As of 03-Sep, Praveg Ltd's stock price is currently at Rs 404.10, reflecting an increase of Rs 17.45 or 4.51%. Today's price performance indicates that the stock has outperformed its sector by 4.37%, reaching an intraday high of Rs 417, which is a 7.85% increase. Despite this positive movement, the stock has experienced a significant decline over the past year, with a return of -53.59%. The company shows high management efficiency with a return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06. However, the recent financial performance has been concerning, with a negative profit after tax (PAT) of Rs -6.14 crore, marking a drastic fall of -260.4% compared to the previous four-quarter average, which may be contributing to investor caution.
In the broader market context, while the Sensex has shown a slight decline of -0.27% over the past week, Praveg Ltd has managed a positive return of +2.30% in the same period. However, the stock's year-to-date performance is notably poor at -44.16%, contrasting sharply with the Sensex's gain of +3.11%. The decline in institutional investor participation, with a decrease of -1.64% in their stake, suggests a lack of confidence in the stock's fundamentals, which could be influencing retail investor sentiment as well. Overall, while there are short-term gains, the long-term outlook remains challenged by significant losses and declining institutional interest.