Why is Apar Inds. falling/rising?

As of 03-Jul, Apar Industries Ltd is experiencing a price increase, currently at 8,914.00, reflecting a rise of 47.95 (0.54%). The stock has shown a strong performance today, outperforming its sector by 0.96% and has been on a consecutive gain streak for the last four days, accumulating a total return of 5.67% during this period. Over the past week, the stock has risen by 2.75%, while its performance over the last month shows an impressive increase of 11.96%. Despite a year-to-date decline of 13.53%, the company maintains a low debt profile and strong long-term fundamentals, with net sales growing at an annual rate of 20.09% and operating profit at 29.56%. High institutional holdings at 30.5% further support the stock's stability, indicating confidence from knowledgeable investors.
In the broader market context, Apar Industries Ltd's recent performance contrasts with the Sensex, which has declined by 0.62% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged behind in year-to-date returns compared to the Sensex's increase of 6.53%. The stock's liquidity remains adequate for trading, although there has been a notable drop in delivery volume, which fell by 61.29% against the five-day average. This decline in investor participation could pose a risk to sustained price increases, despite the company's strong fundamentals and recent positive performance.