Why is Indian Hume Pipe falling/rising?

As of 16-Jul, Indian Hume Pipe Company Ltd's stock price is currently at 443.95, reflecting a slight increase of 0.2 (0.05%). The stock has been gaining for the last two days, with a total return of 1.5% during this period. Despite a recent decline of 0.68% over the past week, the stock has shown a strong performance over the past month, rising by 5.79%. It has consistently outperformed the broader market over the last three years, with a remarkable 206.17% increase compared to the BSE500. The company has a favorable valuation with a Price to Book Value of 1.7 and a return on equity of 6.7, indicating that it is trading at a discount relative to its peers. However, there has been a decline in investor participation, as evidenced by a 13.39% drop in delivery volume against the five-day average.
In the broader market context, while the stock has shown resilience with a year-to-date return of 22.88%, the benchmark index, Sensex, has only increased by 5.75% in the same period. This indicates that Indian Hume Pipe has been performing well relative to the market. The stock's recent performance is in line with sector trends, but the falling investor participation could be a concern for future price movements. Overall, while the stock is currently rising, the decrease in trading volume may suggest caution among investors.