Why is Hariom Pipe falling/rising?

As of 30-Oct, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at 449.80, which represents a decrease of 7.25 or 1.59%. The stock opened the day with a gain of 2.4%, reaching an intraday high of Rs 468, but subsequently fell to a low of Rs 446.2, indicating volatility within the trading session. Over the past week, the stock has underperformed, showing a decline of 4.33%, while its year-to-date performance reflects a significant drop of 9.80%. Additionally, the stock is currently trading higher than its 200-day moving average but lower than its shorter-term moving averages, suggesting mixed technical signals. There is a noted increase in investor participation, with delivery volume rising by 11.36% against the 5-day average, which may indicate some interest despite the overall downward trend.
In the broader market context, the Sensex has shown a slight decline of 0.18% over the past week, contrasting with the stock's more pronounced drop. While the stock has underperformed relative to the benchmark in the short term, it has outperformed over a three-year period, with a return of 62.21% compared to the Sensex's 40.77%. However, the stock's year-on-year performance is notably poor at -23.16%, while the Sensex has gained 5.58% in the same timeframe. This disparity highlights the challenges faced by Hariom Pipe Industries Ltd in the current market environment, despite some positive indicators such as increased trading volume and liquidity.