Why is Apar Inds. falling/rising?

As of 17-Jul, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 8,855.80, which reflects a decrease of Rs 158.55 or 1.76%. The stock has underperformed its sector by 1.97% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.02%. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 10.94%, although it has a year-to-date decline of 14.09%. The company benefits from strong long-term fundamentals, including a low debt-to-equity ratio and healthy growth in net sales and operating profit, which could provide some support against the current price drop.
Broader market context indicates that the Sensex has also faced challenges, with a 1.12% decline over the past week. However, Apar Industries Ltd's performance over the last three years has been exceptional, with a return of 782.98%, which contrasts sharply with its recent struggles. The stock's high institutional holdings at 30.5% suggest that knowledgeable investors are backing the company, which may help stabilize its price in the long run. Despite the current price decline, the company's strong fundamentals and rising investor participation could indicate potential for recovery, especially as it trades above its moving averages.