Why is Prince Pipes falling/rising?

As of 07-Aug, Prince Pipes & Fittings Ltd is experiencing a decline in its stock price, currently at Rs 297.95, which reflects a decrease of Rs 27.65 or 8.49%. The stock has been underperforming significantly, having fallen for the last three days with a total decline of 11.71% during this period. Today, it opened with a loss of 6.16% and reached an intraday low of Rs 293.3, indicating strong selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased by 19.73% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has declined by 49.27%, contrasting sharply with the Sensex, which has gained 1.45%.
In the broader market context, the stock's performance over the past week shows a decline of 11.55%, while the Sensex has only decreased by 0.69%, highlighting a significant underperformance relative to the benchmark. Over the past month, Prince Pipes has dropped 18.20%, compared to a 3.38% decline in the Sensex, further illustrating its weakness in the current market environment. The stark contrast in year-to-date performance, with Prince Pipes down 30.71% against the Sensex's 3.18% gain, emphasizes the stock's struggles. Overall, the combination of negative price movements, declining investor interest, and poor relative performance against the benchmark indicates a challenging situation for Prince Pipes & Fittings Ltd.