Why is PSP Projects falling/rising?

As of 29-Sep, PSP Projects Ltd is experiencing a decline in its stock price, currently at 754.65, which reflects a decrease of 17.35 or 2.25%. The stock has underperformed its sector by 2.96% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.69% in this period. Despite a positive performance over the past month with a return of 9.98%, the stock has faced challenges, including a significant fall in net sales of 16.9% and negative results for the last seven consecutive quarters. The company’s operating profit has also decreased at an annual rate of 13.99% over the last five years, contributing to a perception of poor long-term growth.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has returned -1.81% over the past week while the Sensex has declined by 2.18%. Although PSP Projects has outperformed the market over the past year with a return of 15.89% compared to the Sensex's -6.08%, the overall sentiment remains cautious due to the company's declining profitability and high valuation metrics. The stock is trading at a premium relative to its peers, which may further deter investors amidst the backdrop of negative financial results and a low return on equity of 4.7.