Why is Apar Inds. falling/rising?

As of 08-Aug, Apar Industries Ltd is experiencing a decline in its stock price, currently at 8,684.55, reflecting a decrease of 25.45 points or 0.29%. The stock has been underperforming recently, having fallen for four consecutive days, resulting in a total decline of 3.17% during this period. While the stock outperformed its sector by 1.21% today, it has shown a negative return of 1.00% over the past week, contrasting with a positive return of 1.03% over the past month. Despite its strong long-term fundamentals, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, the stock's recent performance has been affected by falling investor participation, as evidenced by a 30.92% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's recent short-term performance has been slightly worse than the benchmark, with the Sensex declining by 0.92% over the same week. Although Apar Industries has demonstrated strong long-term returns, including a remarkable 591.03% increase over the past three years, the current market conditions and declining investor interest may be contributing to its recent price drop. The stock's liquidity remains adequate for trading, and high institutional holdings suggest confidence in its long-term potential, yet the immediate market sentiment appears to be weighing on its price.