Why is Venus Pipes falling/rising?

As of 02-Sep, Venus Pipes & Tubes Ltd is experiencing a decline in its stock price, currently at 1,252.00, reflecting a decrease of 11.9 points or 0.94%. The stock has underperformed its sector today by 1.63%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -1.89%, and it has significantly underperformed over the past month and year, with returns of -7.67% and -47.85%, respectively. Despite a high management efficiency indicated by a ROCE of 31.02% and a strong ability to service debt with a low Debt to EBITDA ratio of 0.85, the stock's performance has been negatively impacted by a flat result in June and a substantial decline in profits by 6.3% over the past year.
In the broader market context, Venus Pipes has underperformed the BSE500 benchmark, which has seen a negative return of only -4.82% over the last year, compared to the stock's steep decline of -47.85%. This stark contrast highlights the stock's struggles relative to the market. Additionally, the falling investor participation, with a 26.16% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among investors. While the stock is trading at a discount compared to its peers' average historical valuations, the overall negative sentiment and poor recent performance have contributed to its current downward trajectory.