Why is Hariom Pipe falling/rising?

As of 10-Sep, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at 482.20, reflecting a decrease of 3.25 points or 0.67%. The stock has underperformed its sector today by 0.78% and has been on a consecutive downward trend for the last two days, with a total drop of 1.44% during this period. Over the past week, the stock has fallen by 3.68%, while it has shown a positive return of 9.24% over the past month. Despite these recent declines, 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%. However, the stock's performance over the past year has been significantly negative, with a return of -38.17%, which raises concerns among investors, especially given the low domestic mutual fund ownership of only 0.44%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.06% over the past week and 1.96% over the past month. While the overall market has shown resilience, Hariom Pipe's substantial decline over the past year, compared to the market's slight negative return of -0.61%, indicates a lack of investor confidence. The falling investor participation, evidenced by a 29.98% drop in delivery volume against the five-day average, further suggests that market sentiment is cautious regarding the stock's future prospects. Despite its attractive valuation and growth potential, the significant underperformance relative to the market and the low engagement from domestic mutual funds may be contributing factors to the stock's current downward trajectory.