Why is Hariom Pipe falling/rising?

As of 07-Aug, Hariom Pipe Industries Ltd is experiencing a price increase, with its current price at Rs 441.55, reflecting a rise of Rs 16.4 or 3.86%. Today's price summary indicates that the stock has outperformed its sector by 3.6% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 448, marking a gain of 5.37%, although it also touched a low of Rs 415.75, which was a decrease of 2.21%. Despite the positive movement today, the stock has underperformed in the year-to-date period, showing a decline of 11.45%, while its performance over the last year has been significantly negative at -32.66%. The delivery volume has decreased by 32.88% against the 5-day average, indicating falling investor participation, which may impact future price movements.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.88%, while the benchmark Sensex has decreased by only 0.69%. This suggests that while Hariom Pipe is currently rising, it has struggled in the short term compared to the overall market. Over the past month, however, the stock has gained 3.00%, contrasting with the Sensex's decline of 3.38%, indicating some resilience. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume could signal caution among investors, potentially affecting its future price trajectory.