Why is Hariom Pipe falling/rising?

As of 22-Aug, Hariom Pipe Industries Ltd is currently priced at 496.30, reflecting an increase of 2.25, or 0.46%. The stock has outperformed its sector today by 1.66%, although it has shown a decline of 1.42% over the past month and a significant drop of 39.03% over the past year. Despite this, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 47.58% and operating profit at 39.50%. The recent positive results, including the highest operating profit to interest ratio and net sales, indicate strong operational performance, which may contribute to the stock's upward movement.
In the broader market context, the stock's performance over the past week has been positive, with a return of 2.60%, compared to the Sensex's gain of 0.88%. This suggests that while the stock has faced challenges over the longer term, it is currently experiencing a rebound relative to the market. However, the falling investor participation, as indicated by a 42.31% decrease in delivery volume, could pose a concern for sustained momentum. Overall, while the stock is trading at a discount compared to its peers and has attractive valuations, the mixed performance metrics highlight the need for cautious optimism among investors.