Why is Hariom Pipe falling/rising?

As of 18-Aug, Hariom Pipe Industries Ltd is experiencing a price increase, currently at 495.15, reflecting a rise of 11.45 or 2.37%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. The stock reached an intraday high of Rs 502.35, showing a 3.86% increase. Despite a recent negative return of -0.39% over the past week, the stock has performed positively over the last month with a return of +6.19%. The company has shown healthy long-term growth, with net sales increasing at an annual rate of 47.58% and operating profit at 39.50%. Additionally, the stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, the Sensex has gained +0.83% over the past week, contrasting with Hariom Pipe's slight decline. This indicates that while the stock is rising today, it has underperformed the benchmark in the short term. The falling investor participation, with a significant drop in delivery volume, suggests caution among investors, despite the stock's attractive valuation and recent positive financial results. Overall, while Hariom Pipe is seeing a price increase today, its longer-term performance remains challenged, as evidenced by a -30.48% return over the past year compared to the Sensex's +1.04%.