Why is Apar Inds. falling/rising?

As of 22-Jul, Apar Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 9,217.35, reflecting a change of 8.85 points or 0.1% upward. The stock has shown strong performance recently, gaining 4.08% over the last three days and outperforming its sector by 1.44% today. It has also demonstrated impressive returns over various periods, including a 16.55% increase over the past month and a remarkable 840.50% rise over the last three years. The company's fundamentals are solid, characterized by low debt, strong long-term growth in net sales and operating profit, and high profitability metrics such as a Return on Capital Employed of 35.20%. Additionally, the stock has high institutional holdings at 30.5%, indicating confidence from larger investors.
In the broader market context, Apar Industries Ltd has outperformed the benchmark Sensex in the short term, with a 1.98% gain over the past week compared to a decline of 0.47% for the index. This trend highlights the stock's resilience and attractiveness to investors despite a year-to-date decline of 10.59%, contrasting with the Sensex's gain of 5.18% in the same period. The stock's consistent returns over the last three years and its ability to generate positive returns even when profits have slightly declined further bolster its appeal in a fluctuating market environment.