Why is Apar Inds. falling/rising?

As of 15-Jul, Apar Industries Ltd's stock price is currently at Rs 9,038.60, reflecting an increase of Rs 300.1, or 3.43%. The stock has shown strong performance today, outperforming its sector by 2.93% and achieving a consecutive gain over the last two days with a total return of 4.32%. It reached an intraday high of Rs 9,090, which is a 4.02% increase. Over the past week, the stock has risen by 5.15%, while its one-month return stands at 14.60%. Despite a year-to-date decline of 12.32%, the company has demonstrated robust long-term fundamentals, including a healthy growth rate in net sales and operating profit, a low debt-to-equity ratio, and high profitability metrics, which contribute positively to its recent price movement.
In the broader market context, Apar Industries Ltd's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.36% over the past week. The stock's strong institutional holdings at 30.5% indicate confidence from larger investors who are better equipped to analyze the company's fundamentals. While the stock has generated a modest return of 2.31% over the past year, it has consistently outperformed the BSE500 in the last three annual periods, suggesting resilience in its performance relative to the market. However, a notable decline in investor participation, with delivery volume dropping by 52.72% against the five-day average, may pose a concern for future liquidity.