Why is Praveg falling/rising?

As of 19-Sep, Praveg Ltd's stock price is currently at Rs 397.50, reflecting a decrease of Rs 1.6 or 0.4%. The stock has been experiencing a downward trend, having fallen for the last two days with a total return of -1.07% during this period. Over the past week, the stock has underperformed with a return of -0.74%, and it has significantly declined by 7.99% over the past month. Additionally, the stock is trading close to its 52-week low, just 4.91% above it. The company's financial performance has been concerning, with a reported PAT of Rs -6.14 crore, marking a drastic fall of 260.4% compared to the previous quarter's average. Although the company has a high management efficiency indicated by a ROE of 26.87% and a low debt-to-equity ratio, the substantial drop in profits by 33.3% over the past year has negatively impacted investor sentiment.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Praveg's decline. The stock has underperformed the market significantly, with a year-to-date return of -45.07% compared to the Sensex's gain of 5.74%. Furthermore, institutional investors have reduced their stake in the company by 1.64% over the previous quarter, indicating a lack of confidence in its future performance. This decline in institutional participation, combined with the stock's poor performance relative to the market, suggests that investors are cautious, leading to further downward pressure on the stock price.