Why is Praveg falling/rising?

As of 17-Nov, Praveg Ltd's stock price is currently at Rs 310.10, reflecting a decrease of Rs 9.1 or 2.85%. The stock has underperformed significantly today, opening with a loss of 2.54% and touching an intraday low of Rs 310, which is just 4% away from its 52-week low of Rs 297.7. Over the past week, the stock has declined by 2.70%, and its year-to-date performance shows a staggering drop of 57.15%. The company has also seen a substantial decline in investor participation, with delivery volume falling by 66.2% compared to the five-day average. Despite having a high return on equity (ROE) of 26.87% and a low debt-to-equity ratio of 0.06, the stock's profitability has sharply declined, with profits falling by 122.3% over the past year.
In the broader market context, Praveg Ltd's performance contrasts sharply with the Sensex, which has increased by 1.69% over the past week and 8.72% year-to-date. This underperformance is compounded by a decrease in institutional investor participation, which has dropped by 2.08% in the last quarter, indicating a lack of confidence among more sophisticated investors. The stock's operating profit to interest ratio is at its lowest, further highlighting financial strain. Overall, the combination of poor recent performance, declining profitability, and reduced institutional interest has contributed to the stock's downward trajectory.