Why is Apollo Pipes falling/rising?

As of 30-Jul, Apollo Pipes Ltd is currently priced at 400.30, reflecting a decline of 3.75 points, or 0.93%. The stock has been underperforming, having lost 5.98% over the last four days and is trading below all key moving averages, indicating a downward trend. Additionally, the stock's performance over the past week and month shows declines of 5.76% and 6.72%, respectively, while year-to-date, it has fallen by 13.73%. Despite a low Debt to EBITDA ratio suggesting strong debt servicing capability, the stock has seen a decrease in delivery volume, which has dropped by 62.39% compared to the five-day average, indicating waning investor interest. However, there has been a slight increase in institutional investor participation, which may provide some support for the stock.
In the broader market context, Apollo Pipes has underperformed compared to the Sensex, which has only declined by 1.50% over the past week and 2.54% over the past month. This stark contrast highlights the stock's struggles relative to the overall market. While institutional investors have increased their stake, suggesting some confidence in the company's fundamentals, the overall negative sentiment reflected in the stock's recent performance and declining trading volume points to ongoing challenges that may continue to pressure its price.