Why is Venus Pipes falling/rising?

As of 31-Oct, Venus Pipes & Tubes Ltd is experiencing a decline in its stock price, currently at Rs 1,278.00, which reflects a decrease of Rs 14.45 or 1.12%. The stock has underperformed its sector by 0.6% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.35%. Additionally, the stock has touched an intraday low of Rs 1,261.5, indicating a significant drop. Over the past week, the stock has decreased by 2.84%, and its year-to-date performance shows a substantial decline of 15.17%. Despite having a high return on capital employed (ROCE) of 31.02% and a strong ability to service debt, the stock has faced challenges, including a 33.57% drop in returns over the past year, which has been compounded by a 6.3% fall in profits.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 3.65% over the past month. The stock's underperformance is further highlighted by its negative returns compared to the BSE500, which has generated a positive return of 4.13% in the last year. The decline in investor participation, with delivery volume dropping by 63.94% against the five-day average, suggests a lack of confidence among investors. Moreover, the stock is trading below all its moving averages, indicating a bearish trend. Overall, while the company has some positive attributes, the significant underperformance relative to the market and declining investor interest are contributing to the stock's current downward trajectory.