Why is Hariom Pipe falling/rising?

As of 28-Aug, Hariom Pipe Industries Ltd is experiencing a slight increase in its stock price, currently at 481.35, reflecting a change of 1.85 or 0.39% upward. Today's price summary indicates that the stock has outperformed its sector by 1.18% and has shown a trend reversal after two consecutive days of decline. Despite this positive movement, the stock has underperformed over the past week with a return of -2.57%, while it has performed better over the past month with an increase of 8.69%. The company has demonstrated healthy long-term growth, with net sales growing at an annual rate of 47.58% and operating profit at 39.50%. However, the stock's performance over the past year has been significantly negative, with a return of -41.23%, despite a 15.2% increase in profits, indicating a potential disconnect between market perception and company fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of only -2.34% over the same week. The low participation from domestic mutual funds, holding only 0.44% of the company, may suggest a lack of confidence in the stock's current valuation. Additionally, while the stock is trading at a discount compared to its peers, the significant drop in investor participation, with a 35.47% decrease in delivery volume, raises concerns about liquidity and market interest. Overall, while there are positive indicators for long-term growth, the stock's recent movements reflect a complex interplay of investor sentiment and market conditions.