Why is Praveg falling/rising?

As of 04-Sep, Praveg Ltd's stock price is currently at Rs 407.75, reflecting an increase of Rs 3.65 or 0.9%. The stock has shown a positive trend recently, gaining 5.46% over the last two days and outperforming its sector by 1.26% today. Despite this short-term gain, the stock has experienced a significant decline over the past month, down 10.56%, and a staggering 52.61% drop over the past year. The company has a high management efficiency with a return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, indicating a fair valuation compared to its peers. However, the recent financial performance has raised concerns, as the profit after tax (PAT) has fallen dramatically by 260.4% compared to the previous quarter, and institutional investors have reduced their stakes, indicating a lack of confidence in the stock.
In the broader market context, Praveg Ltd's recent performance contrasts with the benchmark Sensex, which has only declined by 0.37% over the past month and has shown a positive return of 3.30% year-to-date. While the stock has outperformed the sector in the short term, its long-term performance remains concerning, as it has underperformed the market significantly over the past year. The overall market has generated negative returns of -4.38% in the last year, yet Praveg's decline has been much steeper, suggesting that investor sentiment is cautious despite the recent uptick in price.