Why is Indian Hume Pipe falling/rising?

As of 11-Jul, Indian Hume Pipe Company Ltd's stock is currently priced at 438.35, reflecting a decrease of 8.65 points or 1.94%. The stock has underperformed its sector today by 1.86%, reaching an intraday low of Rs 435, which is a decline of 2.68%. Over the past week, the stock has seen a return of -4.51%, and over the past month, it has declined by 3.48%. Despite these short-term declines, the stock has shown strong performance year-to-date with a return of 21.33%. The company's return on equity (ROE) of 6.7 and a price-to-book value of 1.7 indicate a very attractive valuation, suggesting that the stock is trading at a discount compared to its peers. However, the recent drop in delivery volume by 51.84% against the 5-day average indicates falling investor participation, which may contribute to the stock's downward movement.
In the broader market context, the Sensex has experienced a slight decline of 1.12% over the past week, which indicates that the Indian Hume Pipe's short-term performance is worse than the benchmark. While the stock has generated a negative return of -1.04% over the past year, its profits have risen by 18.3%, leading to a PEG ratio of 1.4, which suggests that the stock may still hold long-term value despite recent price declines. The overall market conditions and the stock's recent performance relative to the benchmark highlight the challenges it faces in maintaining investor interest amid decreasing participation and short-term volatility.