Why is Indian Hume Pipe falling/rising?

As of 21-Jul, Indian Hume Pipe Company Ltd is currently priced at 441.25, reflecting a decrease of 3.0 points or 0.68%. The stock has been underperforming its sector, with a performance today that is down by 1.58%. It has experienced a consecutive fall over the last two days, resulting in a total decline of 2.96% during this period. Despite this recent downturn, the stock has shown positive returns over longer periods, including an 8.04% increase over the past month and a substantial 22.13% year-to-date gain. The company has a very attractive valuation with a return on equity (ROE) of 6.7 and a price-to-book ratio of 1.7, indicating that it is trading at a discount compared to its peers. Furthermore, the stock has consistently generated returns over the last three years, outperforming the BSE500 in each of the last three annual periods.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.88% over the past week while the Sensex has slightly declined by 0.06%. This indicates that, despite the recent price drop, the stock has been relatively resilient compared to the overall market. The rising investor participation, evidenced by a 41.42% increase in delivery volume, suggests that there is still interest in the stock, which may help stabilize its price in the future. However, the recent consecutive declines and underperformance against the sector could be causing some investor caution, contributing to the current price movement.