Why is Hariom Pipe falling/rising?

As of 02-Sep, Hariom Pipe Industries Ltd is currently priced at 490.55, reflecting a decrease of 3.85, or 0.78%. The stock has recently underperformed its sector by 1.47% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Over the past week, the stock has increased by 2.30%, and over the past month, it has risen by 12.61%. However, it has faced significant challenges over the past year, with a return of -40.47%. Positive factors include strong long-term growth in net sales and operating profit, with the company showing healthy financial metrics such as a high operating profit to interest ratio and attractive valuation compared to peers.
In the broader market context, the Sensex has seen a slight decline of 0.78% over the past week, while Hariom Pipe's short-term performance has outpaced this benchmark. The stock's year-to-date performance shows a decline of 1.62%, contrasting with the Sensex's gain of 2.58%. This suggests that while the stock has had some positive momentum recently, it still faces headwinds in the context of overall market performance. The rising investor participation, indicated by increased delivery volume, may provide some support for the stock, but the significant year-over-year decline highlights ongoing challenges that could be affecting investor sentiment.