Why is Hariom Pipe falling/rising?

As of 23-Jun, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 377.95, reflecting a decrease of Rs 14.05 or 3.58%. The stock has underperformed its sector by 3.77% today, opening with a loss of 2.79% and reaching an intraday low of Rs 376.4, which is a drop of 3.98%. Over the past week, the stock has decreased by 5.57%, and its performance over the last month shows a decline of 4.49%. Despite a healthy long-term growth in net sales and operating profit, the stock has generated a significant negative return of 36.57% over the past year, which is concerning given that its profits have only risen by 8.7%. Additionally, the low participation from domestic mutual funds, holding only 0.44% of the company, may indicate a lack of confidence in the stock's current valuation.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.12% over the past week and 4.81% year-to-date. This underperformance is further highlighted by the fact that the stock has not only lagged behind the market but also failed to attract significant investor interest, as evidenced by a 27.01% drop in delivery volume compared to the five-day average. The stock is trading below all key moving averages, indicating a bearish trend, and its high PEG ratio of 14.6 suggests that it may be overvalued relative to its growth prospects. Overall, these factors contribute to the stock's downward trajectory in the current market environment.