Why is Apollo Pipes falling/rising?

As of 05-Jun, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at Rs 434.00, reflecting a decrease of Rs 9.25 or 2.09%. The stock has underperformed its sector by 2.35% today and has seen a consecutive fall over the last two days, resulting in a total decline of 5.47%. In terms of performance against benchmarks, the stock has fallen by 7.56% over the past week and 6.47% year-to-date, while it has significantly underperformed over the last year with a drop of 34.53%. The company has a low Debt to EBITDA ratio of 1.31, indicating a strong ability to service debt, but it also faces challenges such as a -22.50% annual growth rate in operating profit over the last five years and a decline in profit after tax by 30.12% in the most recent nine-month period.
In the broader market context, the Sensex has only decreased by 0.23% over the past week and has gained 4.23% year-to-date, highlighting that Apollo Pipes is not only underperforming its sector but also the overall market. The stock's technical indicators suggest a mildly bearish trend, with deteriorating performance since late May, which has contributed to falling participation from institutional investors, who have reduced their stake by 1.74% in the last quarter. This decline in institutional interest, combined with the stock's poor long-term growth prospects and negative returns compared to the broader market, reinforces the reasons behind the current downward movement in Apollo Pipes' stock price.