Why is Hi-Tech Pipes falling/rising?

As of 25-Aug, Hi-Tech Pipes Ltd is currently priced at 87.00, reflecting a slight increase of 0.25 (0.29%). The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent rise in delivery volume by 105.63% against the 5-day average, the stock has underperformed significantly over the past year, with a return of -51.26%. The company's net sales have shown a decline of -8.72% in the latest quarter, and while it has healthy long-term growth in net sales and operating profit, the flat results in June and the lowest return on capital employed (ROCE) at 9.82% raise concerns. Additionally, institutional investors have reduced their stake by 7.58%, which may signal a lack of confidence in the stock's future performance.
In the broader market context, Hi-Tech Pipes has underperformed compared to the Sensex, which has gained 0.45% over the past week, while the stock itself has declined by 0.68%. This trend of underperformance is consistent over longer periods, with the stock down 6.05% over the past month and 45.49% year-to-date, contrasting sharply with the Sensex's positive return of 4.48% in the same timeframe. The stock's poor performance relative to the benchmark and the overall market, combined with declining institutional interest, suggests that investors may be cautious about its future prospects despite some positive long-term growth indicators.