Why is Prerna Infra. falling/rising?

As of 11-Aug, Prerna Infrabuild Ltd's stock price is currently at Rs 20.87, reflecting a decline of Rs 1.03 or 4.7%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the past eight consecutive days, resulting in a total drop of 12.57% during this period. The stock opened significantly lower today, down 4.57%, and traded mostly near its intraday low of Rs 20.8. In terms of performance against benchmarks, the stock has underperformed the sector by 6.34% today and has shown a substantial decline of 41.23% over the past year, while the broader market, represented by the Sensex, has gained 1.13% during the same timeframe. The company's financial health is concerning, with operating losses and negative results reported for the last four consecutive quarters, leading to a weak long-term fundamental strength.
In the broader market context, Prerna Infrabuild Ltd's recent performance has been significantly worse than the benchmark, as it has declined 7.41% over the past week compared to a minor drop of 0.51% in the Sensex. This stark contrast highlights the stock's struggles relative to the market. The company has also faced a notable decrease in investor participation, with delivery volume falling by 49.36% against the five-day average. The overall sentiment is further dampened by the company's negative EBITDA and a substantial decline in profitability, with profits falling by 96.7% over the past year. These factors contribute to a perception of risk surrounding the stock, reinforcing its status as a strong sell in the current market environment.