Why is Prakash Pipes falling/rising?

As of 23-Sep, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at Rs 313.00, reflecting a decrease of 0.6 or 0.19%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total decline of 3.22%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 4.3% away from Rs 299.55. In terms of performance against benchmarks, the stock has seen significant losses, with a year-to-date decline of 38.54% compared to a 5.07% gain in the Sensex, and a one-year drop of 46.49% against a 3.33% decline in the benchmark.
In the broader market context, while Prakash Pipes has been falling, the Sensex has shown a slight decline of 0.34% over the past week, indicating that the stock's short-term performance is worse than the market average. However, there has been a rise in investor participation, with delivery volume increasing by 41.21% against the five-day average, suggesting some interest despite the stock's downward trend. The liquidity of the stock remains adequate for trading, which may provide some support. Overall, the combination of poor recent performance, trading below moving averages, and significant losses compared to the benchmark contributes to the stock's current downward movement.