Why is Hi-Tech Pipes falling/rising?

As of 07-Aug, Hi-Tech Pipes Ltd is experiencing a decline in its stock price, currently at Rs 87.96, which reflects a decrease of Rs 1.37 or 1.53%. The stock has underperformed its sector by 1.79% today and has touched an intraday low of Rs 86.72, marking a drop of 2.92%. Additionally, Hi-Tech Pipes is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 49.99% compared to the 5-day average. Over the past week, the stock has decreased by 3.13%, and year-to-date, it has plummeted by 44.89%, contrasting sharply with the Sensex, which has gained 3.18% during the same period.
In the broader market context, Hi-Tech Pipes' recent performance has been notably weaker than the benchmark, as evidenced by its 1-month return of -9.32% compared to the Sensex's -3.38%. This underperformance is further highlighted by the stark difference in year-to-date returns, with Hi-Tech Pipes down 44.89% while the Sensex has risen by 3.18%. The overall market sentiment appears to be more favorable towards the benchmark, which may be contributing to the stock's continued decline.