Why is Praveg falling/rising?

As of 29-Sep, Praveg Ltd's stock price is currently at Rs. 353.80, reflecting a decline of Rs. 31.8 or 8.25%. The stock has recently hit a new 52-week low of Rs. 321.2 and has been on a downward trend, losing 12.78% over the last four days. In terms of performance, the stock has underperformed significantly, with a 1-week return of -12.13% compared to the Sensex's -2.18%, and a year-to-date return of -51.11% against the Sensex's +2.85%. The company's financials reveal a concerning picture, with a net profit after tax (PAT) of Rs -6.14 crore, which has fallen dramatically by 260.4% compared to the previous four-quarter average. Additionally, while the company has a low debt-to-equity ratio and high management efficiency, its profits have decreased by 33.3% over the past year, contributing to the stock's decline.
Broader market context indicates that Praveg Ltd has underperformed the broader market significantly, with a one-year return of -54.73% compared to the BSE500's -7.50%. This stark contrast highlights the stock's struggles relative to market trends. Furthermore, there has been a noticeable decrease in institutional investor participation, with a reduction of 1.64% in their stake over the previous quarter. This decline suggests a lack of confidence among more knowledgeable investors, which may further exacerbate the stock's downward trajectory. Overall, the combination of poor financial performance, falling investor interest, and significant underperformance relative to the market has led to the current decline in Praveg Ltd's stock price.