Why is Prakash Pipes falling/rising?

As of 22-Sep, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at Rs 312.95, reflecting a decrease of Rs 6.2 or 1.94%. The stock has underperformed its sector by 1.24% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 3.23%. It is also trading close to its 52-week low, just 4.28% above Rs 299.55. Over the past year, the stock has generated a significant negative return of -47.58%, while its profits have decreased by 29.6%. The company's low debt-to-equity ratio and attractive valuation metrics are overshadowed by its poor recent financial performance, including a substantial drop in PAT and operating profit margins.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a one-year return of -47.58% against the Sensex's decline of only 2.82%. This stark contrast indicates that while the overall market has faced challenges, Prakash Pipes has struggled significantly more, leading to a lack of confidence among investors. The limited interest from domestic mutual funds, holding only 0.01% of the company, suggests a lack of comfort with the stock's current valuation, further contributing to its downward price movement.