Why is Apar Inds. falling/rising?

As of 01-Jul, Apar Industries Ltd is experiencing a price increase, currently at 8,757.55, with a change of 48.95, representing a 0.56% rise. The stock has been gaining for the last two days, with a total return of 3.81% during this period. It has outperformed its sector by 1.66% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 30.96% against the 5-day average, the company maintains strong fundamentals, including a low debt-to-equity ratio and high profitability metrics, which contribute positively to its stock performance. Additionally, the stock has shown consistent returns over the past three years, outperforming the BSE500 in each of the last three annual periods.
In the broader market context, Apar Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of 11.29% compared to the Sensex's 2.00%. While the stock has a year-to-date decline of 15.05%, its recent performance indicates a recovery trend, supported by strong institutional holdings at 30.5%, which suggests confidence from larger investors. The company's healthy long-term growth, with net sales increasing at an annual rate of 20.09%, further reinforces its positive outlook despite the recent profit decline of 0.5% over the past year.