Why is PSP Projects falling/rising?

As of 24-Jul, PSP Projects Ltd is experiencing a decline in its stock price, currently at Rs 826.15, reflecting a decrease of Rs 3.75 or 0.45%. The stock has shown a mixed performance recently, having outperformed its sector by 0.73% today, but it has also fallen after two consecutive days of gains. Despite being only 1.98% away from its 52-week high of Rs 842.5, the stock touched an intraday low of Rs 807.3, indicating some volatility. Over the past year, PSP Projects has generated a return of 20.54%, significantly higher than the market's average return of 0.99%. However, the company has faced challenges, including a negative operating profit growth rate of -8.25% over the last five years and a substantial drop in profit after tax by -58.4% in the most recent quarter.
In the broader market context, while PSP Projects has shown a positive return of 14.84% over the past month compared to a slight increase of 0.16% in the Sensex, the stock's recent performance is overshadowed by concerns regarding its long-term growth potential and declining institutional investor participation, which has decreased by -10.36% in the last quarter. The company's low return on equity of 4.7 and high price-to-book ratio suggest that it is trading at a premium compared to its peers, which may deter potential investors. Overall, these factors contribute to the stock's current downward movement despite its recent short-term gains.