Why is Apar Inds. falling/rising?

As of 08-Jul, Apar Industries Ltd's stock price is currently at 8,595.70, reflecting an increase of 34.45 or 0.4%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent outperformance of 0.39% against its sector today, the stock has seen a decrease of 1.85% over the past week and a year-to-date decline of 16.62%. However, it has demonstrated strong long-term fundamentals, with net sales growing at an annual rate of 20.09% and an operating profit growth of 29.56%. The company maintains a low debt-to-equity ratio and a high return on capital employed, which supports its valuation despite a recent profit decline of 0.5% over the past year.
In the broader market context, the Sensex has increased by 0.02% over the past week and by 7.13% year-to-date, indicating that Apar Industries Ltd's short-term performance is lagging behind the benchmark. The stock's recent price movement may be influenced by falling investor participation, as evidenced by a 44.1% drop in delivery volume compared to the five-day average. Despite this, high institutional holdings at 30.5% suggest that knowledgeable investors are still confident in the company's long-term prospects, which could provide some support for the stock amidst its current volatility.