Why is Hi-Tech Pipes falling/rising?

As of 20-Oct, Hi-Tech Pipes Ltd is currently priced at 114.50, reflecting a decrease of 0.3, or 0.26%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days with a total decline of 3.58% during this period. Over the past week, the stock has underperformed with a return of -0.99%, while the Sensex has gained 2.47%. Additionally, the stock has shown significant underperformance over the past year, with a return of -38.12% compared to the Sensex's 3.86% increase. Although the company has healthy long-term growth indicators, such as a 23.58% annual growth rate in net sales and a 26.08% increase in operating profit, negative factors like a decrease in institutional investor participation and flat quarterly results have contributed to the stock's recent decline.
Broader Market Context: The broader market has been performing well, as indicated by the Sensex's positive returns over various periods, including a 2.10% increase over the past month and a 7.97% increase year-to-date. In contrast, Hi-Tech Pipes has struggled significantly, particularly in the last year, where it has generated a return of -38.12% against the market's 0.80% gain. This stark contrast highlights the stock's underperformance relative to the benchmark, suggesting that investor sentiment may be negatively impacted by the company's recent financial results and declining institutional interest, leading to a lack of confidence in its short-term prospects.