Why is Apar Inds. falling/rising?

As of 09-Jul, Apar Industries Ltd's stock price is rising, currently at Rs 8,823.00, reflecting an increase of Rs 227.3 or 2.64%. The stock has shown positive momentum, gaining for the last two days with a total return of 3.06% during this period. It has outperformed its sector by 1.42% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in delivery volume, which fell by 37.02% against the 5-day average, the company maintains strong fundamentals, including a low debt-to-equity ratio and a high return on capital employed, which support its valuation.
In the broader market context, Apar Industries' short-term performance over the past week shows a decline of 0.49%, contrasting with a slight increase of 0.15% in the Sensex. However, over the past month, the stock has outperformed the benchmark significantly, with a return of 7.78% compared to the Sensex's 1.32%. The high institutional holdings at 30.5% suggest confidence from knowledgeable investors, which may contribute to the stock's upward movement despite its year-to-date decline of 14.41%. Overall, the combination of strong long-term growth prospects and recent positive price action indicates a favorable outlook for the stock.