Why is Prakash Pipes falling/rising?

As of 13-Aug, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at 349.00, which reflects a decrease of 2.65 or 0.75%. The stock has underperformed its sector by 1.65% today and has been on a consecutive downward trend for the last six days, resulting in a total drop of 4.92% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Prakash Pipes has generated a return of -28.62%, significantly worse than the broader market, which has seen a decline of only 0.64%. The company's profits have also decreased by 7.3%, and its recent financial results have shown a substantial drop in PAT and operating profit margins, contributing to negative investor sentiment.
In the broader market context, the stock's performance has been notably weaker than the benchmark, as evidenced by its 1-year return of -28.62% compared to the Sensex's positive return of 2.01%. This stark contrast indicates that investor confidence in Prakash Pipes is waning, particularly as domestic mutual funds hold only a minimal stake in the company, suggesting a lack of comfort with its current valuation. The liquidity of the stock remains adequate for trading, but the falling delivery volume indicates reduced investor participation, further exacerbating the stock's decline. Overall, the combination of poor financial performance, negative market sentiment, and underperformance relative to benchmarks has led to the stock's current downward trajectory.