Why is Hariom Pipe falling/rising?

As of 06-Nov, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 425.95, reflecting a decrease of Rs 21.1 or 4.72%. The stock has underperformed its sector today by 3.21%, reaching an intraday low of Rs 423.25, which is a drop of 5.32%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, falling by 52.94% against the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has dropped by 5.20%, and it has seen a substantial decline of 14.58% year-to-date, while it has underperformed the benchmark Sensex, which has gained 6.62% in the same period.
In the broader market context, the Sensex has shown a modest decline of 1.30% over the past week, indicating that the market is facing some headwinds, but it has performed positively over the longer term with a 6.62% increase year-to-date. The stark contrast between Hariom Pipe's performance and the benchmark's indicates that specific issues may be affecting the company's stock, leading to its underperformance. The lack of available positive or negative factors further complicates the understanding of the stock's recent movement, as no additional insights are provided to clarify the reasons behind the decline.