Why is Prakash Pipes falling/rising?

As of 15-Sep, Prakash Pipes Ltd. is experiencing a price increase, currently at 327.95, reflecting a change of 5.2 or 1.61% upward. The stock has shown positive momentum, gaining 2.17% over the last two days and outperforming its sector by 1.67% today. However, despite this recent uptick, the stock has significantly underperformed over the past year, with a return of -46.29%. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 1.9, but its profits have declined by 29.6%, which raises concerns about its long-term viability. Additionally, the falling investor participation, indicated by a 37.48% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, Prakash Pipes has outperformed the Sensex slightly over the past week and month, with returns of 1.38% and 2.48%, respectively, compared to the benchmark's 1.24% and 1.47%. However, the stock's year-to-date performance is starkly negative at -35.60%, contrasting sharply with the Sensex's positive return of 4.67%. This disparity indicates that while there may be short-term gains, the overall sentiment remains cautious, especially given the company's significant underperformance relative to the market over the past year. The low stake held by domestic mutual funds further underscores a lack of confidence in the stock's future prospects.