Why is Praveg falling/rising?

As of 15-Oct, Praveg Ltd's stock price is currently at 324.95, reflecting a decrease of 13.8 points or 4.07%. The stock has been underperforming significantly, having fallen 14.69% over the past week and 19.77% over the past month. It has experienced a consecutive decline for the last two days, with an overall drop of 8.32% during this period. The stock also reached an intraday low of Rs 316.1, indicating a lack of buying interest as evidenced by a decrease in delivery volume by 36.18% compared to the five-day average. While the company boasts a high return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, its profits have plummeted by 33.1% over the past year, contributing to the stock's negative performance.
Broader market context shows that Praveg's performance is starkly contrasted with the Sensex, which has gained 1.02% over the past week and 1.00% over the past month. The stock has underperformed the broader market significantly, with a year-to-date decline of 55.10% compared to a 5.72% increase in the Sensex. Institutional investors have also reduced their stake in the company by 1.64%, indicating a lack of confidence in its future prospects. This decline in institutional participation, combined with the company's poor short-term and long-term performance, suggests that market sentiment remains negative, further pressuring the stock price.