Why is Hariom Pipe falling/rising?

As of 17-Sep, Hariom Pipe Industries Ltd is currently priced at 535.30, reflecting a decrease of 2.7 points or 0.5%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 11.01%, and it has shown a significant increase of 10.67% over the past month. However, it has underperformed over the last year with a return of -26.51%. Positive factors include strong long-term growth with net sales increasing at an annual rate of 47.58% and operating profit at 39.50%. Nevertheless, the low domestic mutual fund ownership of only 0.44% may indicate a lack of confidence in the stock's current valuation.
In the broader market context, while the Sensex has gained 1.56% over the past week and 2.60% over the past month, Hariom Pipe's recent performance has been more volatile, reflecting a significant divergence from the benchmark. The stock's year-to-date return of 7.35% is also lower than the Sensex's 5.83%. This underperformance, combined with the stock's substantial decline over the past year, suggests that investor sentiment may be cautious despite the company's positive financial metrics. The rising investor participation, indicated by a 77.74% increase in delivery volume, could provide some support, but the overall market sentiment remains a critical factor influencing the stock's price movement.