Why is Apollo Pipes falling/rising?

As of 12-Aug, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at 383.50, which reflects a decrease of 4.5 or 1.16%. The stock has underperformed significantly over various time frames, with a 1-week return of -4.66% and a 1-month return of -9.20%. Today's performance indicates that while it has outperformed its sector by 1.27%, it is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 29.8% compared to the 5-day average. Despite a strong ability to service debt and increased participation from institutional investors, the company faces challenges due to poor long-term growth, highlighted by a -22.50% annual rate in operating profit over the last five years and disappointing recent financial results.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.59% over the past week. This indicates that Apollo Pipes is not only struggling in its sector but also lagging behind the overall market. The company's negative results, including a -38.9% drop in profit before tax and a low return on capital employed, further exacerbate its underperformance. With a one-year return of -33.54% and a valuation that appears expensive relative to its peers, Apollo Pipes is facing significant headwinds that contribute to its current stock price decline.