Why is Hariom Pipe falling/rising?

As of 25-Aug, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at 493.00, down by 3.3 points or 0.66%. The stock has underperformed its sector today by 0.96%, and while it is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. The stock has shown a mixed performance over various periods, with a 1-week return of -0.43% and a 1-month return of +7.76%. However, it has significantly underperformed over the past year, with a return of -40.10%. Positive factors include healthy long-term growth in net sales and operating profit, but the stock's recent movement is affected by a notable decline in investor participation, with delivery volume dropping by 52.31% compared to the 5-day average.
In the broader market context, the Sensex has shown a positive return of 0.45% over the past week, contrasting with Hariom Pipe's decline. The stock's performance has been significantly weaker than the market, as it has underperformed the BSE500, which generated negative returns of -2.11% over the last year. The low stake held by domestic mutual funds, at only 0.44%, may indicate a lack of confidence in the stock's current valuation, contributing to its downward trend. Despite the company's attractive valuation metrics and growth in profits, the substantial decline in stock price over the past year suggests that investor sentiment remains cautious.