Why is Prakash Pipes falling/rising?

As of 19-Sep, Prakash Pipes Ltd. is currently priced at 319.15, reflecting a decrease of 4.25, or 1.31%. The stock has underperformed its sector today by 0.65% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.12%, and it has experienced a significant drop of 45.37% over the past year, while its profits have fallen by 29.6%. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 1.9, but negative results in recent quarters, including a 59.42% decline in PAT, have contributed to the stock's downward movement.
In the broader market context, the Sensex has gained 0.88% over the past week, contrasting with Prakash Pipes' decline. The stock's performance has been notably weaker than the market, as it has underperformed the BSE500, which recorded a negative return of only 1.96% over the last year. Additionally, the low stake held by domestic mutual funds, at just 0.01%, may indicate a lack of confidence in the company's prospects at its current price level, further contributing to the stock's struggles in the market.