Why is Apar Inds. falling/rising?

As of 25-Jul, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 8,998.00, which reflects a decrease of Rs 104.0 or 1.14%. The stock has been on a downward trend, losing value for the last three consecutive days with a total drop of 2.38%. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 1.60% and 11.36%, respectively. However, it is noteworthy that the stock's year-to-date performance is down by 12.71%, indicating a struggle in the longer term. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 38% against the 5-day average, which may contribute to the stock's recent price movement.
In the broader market context, Apar Industries Ltd has outperformed the Sensex over the past week and month, while the benchmark has seen a slight decline of 0.36% and 1.56%, respectively. This indicates that the stock has been relatively resilient compared to the overall market. The company's strong fundamentals, including low debt levels, consistent returns over the past three years, and high institutional holdings, suggest potential for recovery. However, the recent fall in stock price may be influenced by the overall decline in the Electric Equipment sector, which has dropped by 2.27%. Despite the recent price decline, the company maintains a healthy long-term growth outlook, which could support a rebound in its stock price in the future.