Why is Hariom Pipe falling/rising?

As of 19-Sep, Hariom Pipe Industries Ltd is experiencing a price increase, currently at Rs 551.20, reflecting a rise of Rs 12.7 or 2.36%. The stock has been gaining momentum, having outperformed its sector by 2.16% today and achieving a consecutive gain over the last two days with a total return of 2.97%. It reached an intraday high of Rs 559.8, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant increase in investor participation, with delivery volume rising by 37.98% compared to the 5-day average. Despite a year-over-year decline of 24.17%, the company has shown strong long-term growth potential, with net sales increasing at an annual rate of 47.58% and operating profit growing at 39.50%. In the broader market context, Hariom Pipe's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 0.88% over the past week. The stock's 1-month return of 9.39% and year-to-date return of 10.54% further highlight its strong short-term performance relative to the market. However, it is important to note that domestic mutual funds hold a minimal stake of only 0.44%, which may indicate a lack of confidence in the stock's current valuation despite its attractive growth metrics. Overall, while the stock has shown positive short-term trends and strong operational results, its past underperformance relative to the broader market remains a concern.