Why is PSP Projects falling/rising?

As of 24-Jun, PSP Projects Ltd is experiencing a decline in its stock price, currently at Rs 719.40, which reflects a decrease of Rs 20.8 or 2.81%. Today's price summary indicates that the stock has underperformed its sector by 3.15%, with an intraday low of Rs 712.65, marking a drop of 3.72%. The stock's performance over the past week shows a decline of 1.46%, while it has seen a positive return of 10.83% over the past month. However, the company has faced challenges, including a significant drop in delivery volume, which has fallen by 76.74% compared to the five-day average. Despite having a low debt-to-equity ratio of 0.06, the company has reported negative results for the last six consecutive quarters, with a substantial decline in profit after tax and a low return on capital employed, which contributes to a perception of poor long-term growth.
In the broader market context, the Sensex has increased by 0.58% over the past week, contrasting with PSP Projects' decline. While the stock has generated a return of 10.64% over the past year, its profits have fallen by 54.1%, indicating a disconnect between stock performance and underlying financial health. The stock's valuation appears expensive relative to its peers, trading at a premium with a price-to-book value of 2.4, which may deter investors. Overall, the combination of negative financial results, declining investor participation, and underperformance relative to the benchmark suggests that the stock's recent price movement is influenced by a lack of confidence in its future growth prospects.