Why is Hariom Pipe falling/rising?

As of 06-Aug, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 425.15, which reflects a decrease of Rs 21.4 or 4.79%. The stock has underperformed its sector by 4.24% today and has been on a downward trend for the last two days, accumulating a total drop of 4.8%. The stock touched an intraday low of Rs 423, indicating a significant decline of 5.27%. Over the past week, the stock has decreased by 7.58%, and year-to-date, it has fallen by 14.74%. The delivery volume has also decreased significantly, with a 42.7% drop compared to the 5-day average, suggesting a decline in investor participation.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 1.15% over the past week, Hariom Pipe's performance has been notably worse. While the Sensex has gained 3.08% year-to-date, Hariom Pipe's substantial year-to-date loss of 14.74% highlights its underperformance in the market. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, 50-day, and 200-day moving averages, which may further contribute to negative investor sentiment and the recent price decline.