Why is Hariom Pipe falling/rising?

As of 05-Sep, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 486.00, which reflects a decrease of Rs 8.75 or 1.77%. The stock has underperformed its sector by 2.13% today and has been on a downward trend for the last two days, accumulating a total decline of 2.92%. Despite a positive performance over the past month with an increase of 8.83%, the stock has a year-to-date return of -2.54% and a significant decline of 41.13% over the past year. The stock's delivery volume has also decreased by 2.48% compared to the 5-day average, indicating falling investor participation. Although 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%, the stock is currently trading at a discount compared to its peers, which may not be enough to offset the recent negative sentiment.
In the broader market context, the Sensex has shown a positive return of 1.13% over the past week, contrasting with Hariom Pipe's modest gain of only 0.45% during the same period. While the stock has performed well over the last three years with a return of 78.05%, the recent performance indicates a struggle against the benchmark, particularly in the short term. The overall market sentiment appears to favor broader indices, which may contribute to the stock's recent decline as investors seek more stable returns.