Why is Hariom Pipe falling/rising?

As of 15-Jul, Hariom Pipe Industries Ltd is experiencing a slight decline in its stock price, currently at 449.90, with a change of -0.5, representing a decrease of -0.11%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of -3.69% during this period. In terms of performance against benchmarks, the stock has underperformed with a -1.46% return over the past week, while the Sensex has decreased by -1.36%. Despite a healthy long-term growth rate in net sales and operating profit, the stock has generated a significant negative return of -35.43% over the past year, indicating challenges in investor confidence and market perception.
Broader market context shows that while the stock has seen a positive return of +12.96% over the past month, it still lags behind the benchmark, which has returned +1.79% in the same timeframe. The stock's liquidity appears adequate, but a notable decline in delivery volume suggests falling investor participation, which may further contribute to the stock's struggles. Additionally, the low stake held by domestic mutual funds, at only 0.44%, raises concerns about the stock's attractiveness at current prices, as it indicates a lack of confidence from institutional investors. Overall, the combination of recent performance trends, investor sentiment, and market comparisons suggests that the stock is facing challenges that are contributing to its recent price decline.