Why is Hariom Pipe falling/rising?

As of 08-Sep, Hariom Pipe Industries Ltd is currently priced at 489.25, reflecting an increase of 3.25 (0.67%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 496.5. However, it has underperformed its sector by 0.62% today. Over the past week, the stock has decreased by 1.04%, while it has performed better over the past month with a gain of 10.84%. Despite a significant year-to-date decline of 1.89% and a one-year drop of 38.41%, 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 stock is trading at a discount compared to its peers, and its profits have risen by 15.2% over the past year, which may contribute to its recent price movement.
In the broader market context, the Sensex has increased by 0.53% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. While the stock has shown positive results in its recent financials, including a 21.64% growth in net sales and a 53.0% increase in profit after tax, the falling investor participation, as evidenced by a 34.85% drop in delivery volume, may be a concern for potential investors. The stock's liquidity remains adequate for trading, but the overall market sentiment appears to favor the benchmark, which has outperformed the stock in the short term.