Why is Apar Inds. falling/rising?

As of 29-Jul, Apar Industries Ltd is experiencing a significant rise in its stock price, currently at 9,687.05, reflecting an increase of 987.55 or 11.35%. Today's price summary indicates that the stock has outperformed its sector by 9.1% and has shown a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 9862.25, marking a 13.37% increase, while it traded within a wide range of Rs 1359.7. Over the past week, Apar Industries has gained 5.10%, contrasting with a decline of 1.03% in the Sensex, and over the past month, it has increased by 14.83% compared to a 3.24% drop in the benchmark. The company is characterized by strong long-term fundamentals, including a low debt-to-equity ratio and impressive growth rates in net sales and operating profit, which contribute positively to its recent price movement.
Broader Market Context: In the short term, Apar Industries has significantly outperformed the Sensex, which has declined while the stock has risen. The electric equipment sector, in which the company operates, has also gained by 2.43%, providing a supportive backdrop for the stock's performance. Despite a decline in investor participation, as indicated by a drop in delivery volume, the stock remains liquid enough for trading. High institutional holdings at 30.86% suggest confidence from more knowledgeable investors, further bolstering the stock's appeal. Overall, the combination of strong fundamentals, positive sector performance, and recent price momentum contributes to the stock's upward trajectory.