Why is Apollo Pipes falling/rising?

As of 24-Oct, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at Rs 315.00, which reflects a decrease of Rs 8.95 or 2.76%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total decline of 5.62%. It is also trading close to its 52-week low, just 0.62% away from Rs 313.05. Over the past week, the stock has dropped by 5.16%, and its year-to-date performance shows a significant decline of 32.11%. The company's financial health is somewhat stable, indicated by a low Debt to EBITDA ratio of 1.31 times, but it has faced challenges with a 36.87% drop in returns over the past year and a 23% decrease in profits. Additionally, institutional investors have reduced their stakes, which may signal a lack of confidence in the stock's future performance.
In the broader market context, the Sensex has shown a positive return of 0.31% over the past week, contrasting sharply with Apollo Pipes' negative performance. This underperformance is further highlighted by the stock's returns over various periods, including a 36.87% decline over the past year compared to the Sensex's 5.18% gain. The stock's trading below its moving averages and the recent increase in delivery volume may indicate some investor interest; however, the overall sentiment remains negative due to poor long-term growth prospects and disappointing recent financial results.