Why is Hariom Pipe falling/rising?

As of 14-Jul, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at 450.40, which reflects a decrease of 3.45 points or 0.76%. The stock has been underperforming, having lost 3.59% over the last three days and is currently lower than its 200-day moving average, despite being higher than its shorter-term moving averages. Additionally, the stock has underperformed its sector by 0.73% today, and the delivery volume has significantly decreased by 71.45% compared to the five-day average, indicating falling investor participation. Over the past year, the stock has generated a return of -28.04%, contrasting with a profit increase of 8.7%, which suggests that while the company is growing, investor sentiment remains negative.
In the broader market context, the stock's short-term performance has been notably better than the benchmark, with a 1-week return of +5.06% compared to the Sensex's -1.42%. However, the stock has underperformed the market over the past year, where the BSE500 has generated a slight positive return of 0.26%. The low stake held by domestic mutual funds, at only 0.44%, may indicate a lack of confidence in the stock's current valuation or business prospects, contributing to its recent price decline. Despite the company's healthy long-term growth indicators, such as a 49.01% annual growth in net sales, the overall sentiment and recent performance metrics suggest that investors are cautious, leading to the stock's current downward trend.