Why is Apollo Pipes falling/rising?

As of 18-Sep, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at 397.80, reflecting a decrease of 0.9 or 0.23%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of 2.3%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite outperforming its sector by 0.42% today, the stock's delivery volume has decreased significantly, falling by 30.76% against the 5-day average. Over the past year, Apollo Pipes has generated a return of -35.66%, with operating profit declining at an annual rate of -22.50% over the last five years, indicating poor long-term growth prospects. However, there has been a slight increase in institutional investor participation, which may provide some support.
In the broader market context, the stock's short-term performance has been lackluster compared to the benchmark, with a 1-week return of -0.20% against the Sensex's gain of +1.80%. This underperformance is compounded by negative financial results, including a significant drop in profit before tax and net sales in the most recent quarter. While the stock is trading at a discount compared to its peers, its overall poor performance in both the long term and near term, coupled with low return on equity and high price-to-book value, suggests that investor sentiment remains weak.