Why is Apollo Pipes falling/rising?

As of 08-Sep, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at 395.55, which reflects a decrease of 5.95 or 1.48%. The stock has underperformed its sector by 0.79% today and has been on a downward trend for the last three days, accumulating a total loss of 3.24% 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 that over the past week, the stock has fallen by 2.81%, while its year-to-date performance is down 14.75%. Despite a low Debt to EBITDA ratio indicating a strong ability to service debt and a slight increase in institutional investor participation, the company has faced significant challenges, including a poor long-term growth rate and disappointing recent financial results.
In the broader market context, Apollo Pipes' recent performance contrasts sharply with the benchmark Sensex, which has gained 0.53% over the past week. The stock's underperformance is further highlighted by its negative returns over various periods, including a 38.30% decline over the past year compared to a slight decrease of 0.49% in the Sensex. This underperformance is compounded by negative financial indicators, such as a significant drop in operating profit and net sales, which have contributed to a perception of the stock as a strong sell. Overall, the combination of declining stock performance, poor financial results, and the stock's inability to keep pace with the broader market has led to its current downward trajectory.