Why is Apar Inds. falling/rising?

As of 11-Aug, Apar Industries Ltd's stock price is currently at 8,704.00, reflecting an increase of 19.45 (0.22%). Today, the stock has shown a trend reversal by gaining after four consecutive days of decline, opening with a 2% gain and reaching an intraday high of Rs 8,858.2. Despite a recent 2.95% decline over the past week, the stock has performed positively over the last month with a 0.46% increase. The company is characterized by strong long-term fundamentals, including a low debt-to-equity ratio of 0.01 and a high return on capital employed of 35.20%. Additionally, it has demonstrated consistent growth in net sales and operating profit, which supports its recent price movement.
Broader market context indicates that while Apar Industries has experienced a decline of 15.57% year-to-date, it has outperformed the benchmark BSE500 over the last three years with a remarkable return of 645.68%. The stock's performance today is in line with the sector, but it has seen a significant drop in investor participation, with delivery volume falling by 61% against the five-day average. Despite this, the high institutional holdings at 30.86% suggest confidence from larger investors, which may contribute to the stock's resilience in the face of broader market fluctuations.