Why is Apar Inds. falling/rising?

As of 01-Aug, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 8,747.00, which reflects a decrease of Rs 158.25 or 1.78%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 9.7% during this period. Despite outperforming its sector by 0.31% today, the stock's performance over the past week shows a decrease of 2.79%, while it has seen a marginal decline of 0.12% over the past month. The company has strong long-term fundamentals, including low debt and significant growth in net sales and operating profit, but these positive factors have not been sufficient to counteract the recent price drop.
In the broader market context, the stock's short-term performance has been worse than the benchmark Sensex, which has declined by 1.06% over the past week. The electric equipment sector, to which Apar Industries belongs, has also faced a downturn, falling by 2.09%. Despite the stock's strong institutional holdings and favorable long-term growth metrics, the recent negative sentiment in the market and sector has contributed to its price decline. The stock's liquidity remains adequate for trading, but the overall market conditions and recent performance trends indicate challenges that are impacting investor confidence.