Why is Prince Pipes falling/rising?

As of 19-Nov, Prince Pipes & Fittings Ltd is experiencing a decline in its stock price, currently at Rs 295.50, which represents a decrease of Rs 12.9 or 4.18%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total decline of 6.77% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's financial performance has been troubling, with a reported annual operating profit decline of 26.52% over the past five years and a significant drop in profits of 82.4% over the last year. Furthermore, the stock's valuation appears expensive compared to its peers, with a Price to Book Value of 2.1, which may deter potential investors.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date return of -31.28% against a positive 9.02% for the Sensex. This stark contrast highlights the stock's struggles in both the short and long term, as it has consistently underperformed the broader market indices over various time frames. The falling investor participation, evidenced by a 25.21% drop in delivery volume, further exacerbates the situation, indicating a lack of confidence among investors. Overall, the combination of poor financial results, high valuation, and significant underperformance relative to the market contributes to the stock's declining price.