Why is Apar Inds. falling/rising?

As of 14-Jul, Apar Industries Ltd is experiencing a price increase, currently at 8,738.50, reflecting a rise of 74.4 points or 0.86%. The stock has shown strong performance today, outperforming its sector by 1.7%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 2.07%, while it has increased by 10.79% over the last month. Despite a year-to-date decline of 15.23%, the company has demonstrated robust long-term fundamentals, with a healthy annual growth rate in net sales and operating profit. The low debt-to-equity ratio and high return on capital employed further support its strong financial position, contributing to investor confidence and recent price movements.
In the broader market context, Apar Industries Ltd's recent performance contrasts with the Sensex, which has declined by 1.42% over the past week. The stock's positive momentum can be attributed to rising investor participation, as evidenced by an increase in delivery volume, and high institutional holdings at 30.5%, which suggest strong backing from knowledgeable investors. Although the stock has generated a modest return of 1.61% over the past year, it has consistently outperformed the BSE500 in the last three years, reinforcing its appeal among investors despite the recent profit decline.