Why is Venus Pipes falling/rising?

As of 28-Jul, Venus Pipes & Tubes Ltd is experiencing a decline in its stock price, currently at Rs 1,418.00, reflecting a decrease of Rs 62.4 or 4.22%. The stock has been underperforming, having lost 12.85% over the last four days, and it has touched an intraday low of Rs 1,413.5. In terms of returns, the stock has shown a negative performance of 11.86% over the past week and a year-to-date decline of 5.88%. While the company boasts a high management efficiency with a return on capital employed (ROCE) of 31.02% and a strong ability to service debt, it has also faced challenges such as flat results in March and a significant year-over-year decline of 37.53% in stock returns, which has contributed to its current price movement.
Broader market context indicates that the stock has underperformed compared to the benchmark, with the Sensex showing a decline of only 1.59% over the past week. The stock's performance is particularly concerning given that it has fallen much more sharply than the broader market over the past year, where the BSE500 index recorded a negative return of 2.52%. This disparity highlights the stock's struggles despite some positive factors, such as high institutional holdings and healthy long-term growth in net sales and operating profit. However, the expensive valuation and the recent flat financial results have likely led to investor caution, contributing to the stock's downward trajectory.