Why is Hariom Pipe falling/rising?

As of 01-Aug, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 435.60, which represents a decrease of Rs 14.4 or 3.2%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 5.3%. Although it opened with a gain of 2.94% today, it reached an intraday high of Rs 463.25 before dropping to a low of Rs 433.45. Over the past week, the stock has decreased by 4.79%, while its performance over the last month shows a positive return of 10.42%. However, the stock's year-to-date performance is down by 12.64%, and it has significantly underperformed the market over the past year with a return of -36.78%. The stock's liquidity appears adequate, but there has been a notable decline in investor participation, with delivery volume falling by 40.07% against the 5-day average.
In the broader market context, the Sensex has only decreased by 1.06% over the past week, indicating that Hariom Pipe's recent performance is significantly worse than the benchmark. The steel sector, to which the company belongs, has also seen a decline of 2.25%. Despite the company's healthy long-term growth in net sales and operating profit, the stock's valuation remains attractive compared to its peers. However, the low stake held by domestic mutual funds, at just 0.44%, raises concerns about investor confidence in the stock's price. This lack of confidence, combined with the stock's substantial underperformance relative to the market, suggests that investors may be cautious about its future prospects.