Why is Praxis Home falling/rising?

As of 17-Sep, Praxis Home Retail Ltd's stock is currently priced at 12.29, reflecting an increase of 0.24 or 1.99%. Today's price movement indicates a trend reversal, as the stock has gained after six consecutive days of decline. However, despite this short-term uptick, the stock has underperformed significantly over various periods, with a year-to-date decline of 32.86% and a staggering 46.57% drop over the past year. The company has a negative book value and has reported negative results for the last 12 consecutive quarters, including a 70% fall in profit after tax. Additionally, the promoters have reduced their stake by 13.69%, signaling a lack of confidence in the company's future.
In the broader market context, while the stock has outperformed its sector by 1.52% today, it has consistently lagged behind the benchmark, with a 5.32% decline over the past week compared to a 1.56% increase in the Sensex. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 86.53% against the five-day average suggests waning investor interest. Overall, while there is a slight positive movement today, the long-term outlook remains bleak due to persistent negative financial performance and declining promoter confidence.