Why is Praveg falling/rising?

As of 05-Sep, Praveg Ltd's stock price is currently at 405.15, reflecting a decrease of 2.6 points or 0.64%. The stock has underperformed its sector by 0.93% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has shown a return of +2.43%, but it has significantly underperformed over the longer term, with a decline of -11.18% over the past month and a staggering -53.43% over the past year. Despite a high management efficiency indicated by a return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, the stock's profits have fallen by -33.3%, contributing to its recent price decline. Additionally, the company's profit after tax for the last quarter has plummeted by -260.4%, which raises concerns among investors.
In the broader market context, while the BSE500 index has generated negative returns of -4.41% over the past year, Praveg Ltd's performance has been considerably worse, with a return of -53.43%. This stark contrast highlights the stock's significant underperformance relative to the market. Furthermore, there has been a decrease in institutional investor participation, with a reduction of -1.64% in their stake over the previous quarter, indicating a lack of confidence in the stock's future prospects. The combination of falling profits, reduced institutional interest, and a substantial decline in stock value compared to the benchmark suggests that investor sentiment is currently negative, contributing to the stock's downward movement.