Why is Apollo Pipes falling/rising?

As of 13-Aug, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at 382.70, reflecting a decrease of 0.8 or 0.21%. The stock has underperformed its sector by 1.11% today and has been on a downward trend for the last two days, with a total return of -1.37% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent performance metrics show a significant decline, with a 1-week return of -5.03% and a 1-month return of -9.39%. While there has been an increase in institutional investor participation, with a 1.99% rise in stake, the company faces challenges such as poor long-term growth, a low return on equity, and negative financial results, which contribute to its current price movement.
In the broader market context, the Sensex has remained relatively stable with a negligible change of -0.01% over the past week, contrasting sharply with Apollo Pipes' significant decline. The stock's year-to-date performance is notably poor, with a drop of -17.52%, while the benchmark has gained 3.07% during the same period. This underperformance is further highlighted by the stock's long-term returns, which have fallen by -31.99% over the past year, compared to the Sensex's increase of 2.01%. Overall, the combination of weak financial results, declining investor participation, and a lack of positive momentum in the stock price suggests a challenging environment for Apollo Pipes Ltd.