Why is Hariom Pipe falling/rising?

As of 09-Sep, Hariom Pipe Industries Ltd is currently priced at 485.45, reflecting a decrease of 3.8 points or 0.78%. Today, the stock opened with a gain of 5.67% and reached an intraday high of Rs 517, indicating initial positive momentum. However, it has underperformed its sector by 1.08% and has experienced high volatility with an intraday volatility of 5.87%. The stock's performance over the past week shows a decline of 1.04%, while it has gained 9.98% over the past month. Despite a significant annual drop of 38.24%, 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 trading at a discount compared to its peers, which may attract some investors despite the recent price decline.
In the broader market context, the Sensex has increased by 1.18% over the past week and 1.56% over the past month, indicating that the overall market is performing better than Hariom Pipe Industries Ltd in the short term. The company's year-to-date performance is down 2.65%, contrasting with the Sensex's gain of 3.79%. The falling investor participation, with delivery volume decreasing by 45.08% against the 5-day average, suggests a lack of confidence among investors, which could be contributing to the stock's recent decline. While the company has reported positive financial metrics, such as a high operating profit to interest ratio and rising profits, the overall market sentiment and recent volatility may be impacting its stock price negatively.