Why is Hariom Pipe falling/rising?

As of 13-Nov, Hariom Pipe Industries Ltd is experiencing a decline in its stock price, currently at Rs 372.00, reflecting a decrease of Rs 47.15 or 11.25%. The stock has underperformed its sector by 10.7% today, opening with a loss of 5.17% and reaching an intraday low of Rs 365.9, which is a drop of 12.7%. Over the past week, the stock has fallen by 12.67%, and it has shown a significant decline of 25.40% year-to-date. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Although there has been a rise in delivery volume by 35.44% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent downward movement.
Broader Market Context: In contrast to the stock's performance, the benchmark Sensex has increased by 1.40% over the past week and 8.11% year-to-date. This stark difference highlights the underperformance of Hariom Pipe Industries Ltd relative to the broader market. While the stock has shown some positive investor participation, the high volatility and significant losses over various time frames suggest that investor sentiment is largely pessimistic, further exacerbating the stock's decline in a market that is otherwise trending upward.