Why is Prakash Pipes falling/rising?

As of 28-Aug, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at Rs 315.00, which represents a decrease of Rs 8.65 or 2.67%. The stock has underperformed its sector by 1.28% today and has been on a consecutive downward trend, losing 8.84% over the last five days. Additionally, it is trading lower than its moving averages across various time frames and is close to its 52-week low, being only 4.9% away from Rs 299.55. The company has reported a significant drop in profits, with a 59.42% decline in PAT over the last six months, and its operating profit to net sales ratio is at its lowest, indicating operational challenges. Despite a low debt-to-equity ratio and an attractive valuation compared to peers, the stock's performance has been poor, with a year-to-date return of -38.14% and a one-year return of -50.63%.
In the broader market context, Prakash Pipes has underperformed the benchmark, with a one-year return of -50.63% compared to the BSE500's negative return of -5.01%. This stark contrast suggests that investor sentiment towards Prakash Pipes is significantly weaker than the overall market. Furthermore, the falling investor participation, as evidenced by a 62.79% drop in delivery volume, indicates a lack of confidence among investors. The minimal stake held by domestic mutual funds, at only 0.01%, further reflects their discomfort with the current price levels or the company's business outlook. Overall, these factors contribute to the stock's continued decline amidst a challenging operational environment.