Why is Prakash Pipes falling/rising?

As of 11-Sep, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at Rs 321.00, which reflects a decrease of Rs 7.8 or 2.37%. Today's performance indicates that the stock has underperformed its sector by 3.21%, with an intraday low of Rs 318.2, marking a drop of 3.22%. Over the past week, the stock has seen a return of -1.76%, and its year-to-date performance shows a significant decline of 36.97%. The company has also reported a low delivery volume, which has decreased by 16.94% against the five-day average, indicating falling investor participation. Furthermore, the stock is trading below its moving averages across various time frames, suggesting a bearish trend. Despite having a low debt-to-equity ratio and an attractive valuation, the stock's performance has been negatively impacted by a substantial profit decline of 29.6% over the past year, alongside a significant drop in PAT and operating profit margins.
In the broader market context, Prakash Pipes has underperformed compared to the benchmark index, with the Sensex showing a positive return of 1.03% over the past week, while the stock has declined. The stark contrast in performance is evident as the stock has fallen by 47.80% over the past year, significantly worse than the BSE500's negative return of 2.29%. This underperformance may be contributing to the lack of confidence from domestic mutual funds, which hold only a minimal stake in the company, suggesting that they may not be comfortable with the current price or the business outlook. Overall, the combination of poor financial results, declining investor interest, and significant underperformance relative to the market is driving the stock's downward movement.