Why is Hariom Pipe falling/rising?

As of 09-Jul, Hariom Pipe Industries Ltd is experiencing a price increase, with its current price at Rs 467.15, reflecting a rise of Rs 10.6 or 2.32%. The stock has shown strong performance recently, gaining 14.74% over the last three days and outperforming its sector by 3.04% today. It has also touched an intraday high of Rs 469.8. Despite a year-to-date decline of 6.32% and a one-year drop of 19.46%, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 49.01% and operating profit at 38.85%. However, the stock's underperformance in the past year, coupled with low domestic mutual fund holdings, suggests some caution among investors.
Broader market context indicates that while the stock has outperformed the Sensex by a significant margin over the past week, gaining 17.58% compared to the index's 0.15%, it has still lagged behind in the longer term. The Sensex has shown a year-to-date gain of 6.91% and a one-year return of 3.96%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, especially given its negative returns over the past year compared to the broader market's performance.