Why is Apar Inds. falling/rising?

As of 16-Jul, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 9,014.35, which reflects a decrease of 24.25 points or 0.27%. Despite this drop, the stock has shown a positive performance over the past week, with a return of 2.17%, and a significant increase of 16.62% over the past month. Today's trading saw the stock reach an intraday high of Rs 9,250, indicating some volatility. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend prior to this decline. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 56.18% against the 5-day average. However, the stock's year-to-date performance remains negative at -12.56%, and its profits have decreased by 0.5% over the past year, which may contribute to the current price movement.
In the broader market context, Apar Industries Ltd has outperformed the Sensex by 0.51% today, despite the overall market sentiment being less favorable, as the Sensex has declined by 1.08% over the past week. The company's strong fundamentals, including a low debt-to-equity ratio and high return on capital employed, support its long-term growth potential, which may attract institutional investors, who hold 30.5% of the stock. However, the stock is trading at a premium compared to its peers, and the recent decline could be a reaction to profit-taking after a period of gains. Overall, while the stock has shown resilience in certain aspects, the combination of short-term profit declines and market conditions may be influencing the current downward price movement.