Why is Apar Inds. falling/rising?

As of 07-Aug, Apar Industries Ltd's stock price is currently at Rs 8,710.00, reflecting a decline of Rs 179.55 or 2.02%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total drop of 2.89% during this period. Today's trading saw the stock reach an intraday low of Rs 8,469.80, which is a decrease of 4.72%. In the past week, the stock has underperformed the sector by 0.3%, and its delivery volume has significantly decreased by 78.64% compared to the five-day average, indicating a lack of investor participation. Despite these short-term challenges, the company has strong long-term fundamentals, including a low debt-to-equity ratio and impressive growth rates in net sales and operating profit, which may support its valuation in the future.
In the broader market context, Apar Industries Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 0.69% over the past week. While the stock has generated a return of 5.17% over the past year, it has underperformed the benchmark year-to-date, with a decline of 15.51% compared to the Sensex's increase of 3.18%. The high institutional holdings at 30.86% suggest that knowledgeable investors are backing the company, which may provide some stability. However, the recent price movement indicates that short-term pressures are outweighing these positive factors, leading to the current decline in stock price.