Why is Hariom Pipe falling/rising?

As of 10-Jul, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 454.85, reflecting a decrease of Rs 12.3 or 2.63%. Today's price summary indicates that the stock has underperformed its sector by 3.43% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 452.8, and there has been a notable decrease in investor participation, with delivery volume dropping by 11.54% compared to the five-day average. Over the past week, the stock has shown a positive return of 8.95%, but it has significantly underperformed over the last year with a return of -21.98%, despite a healthy growth in net sales and operating profit.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.06% over the past week. While the stock has shown strong performance over a three-year period with a return of 129.32%, its recent performance has raised concerns, particularly given its flat results in March 2025 and low domestic mutual fund ownership at only 0.44%. This underperformance relative to the market, which has generated a return of 1.46% over the past year, suggests that investor sentiment may be cautious, contributing to the stock's current downward trend.