Why is Hariom Pipe falling/rising?

As of 26-Sep, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 503.50, which reflects a decrease of Rs 7.55 or 1.48%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of 4.82%. In the past week, the stock has decreased by 8.65%, while it has shown a modest increase of 5.01% over the past month. Despite positive long-term growth indicators, such as a 21.64% increase in net sales and a 53% rise in profit after tax, the stock has generated a significant negative return of 31.03% over the past year, which may contribute to investor concerns. Additionally, the falling investor participation, with a 66.39% drop in delivery volume compared to the five-day average, suggests a lack of confidence among traders.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 2.66% over the past week. This underperformance is further highlighted by the stock's year-to-date return of 0.97%, which is significantly lower than the Sensex's 2.93%. The company's low domestic mutual fund ownership at 0.44% may indicate a lack of confidence from institutional investors, potentially affecting market sentiment. Overall, while there are indicators of strong long-term growth, the recent price movements and investor behavior suggest that the stock is facing challenges that are contributing to its current decline.