Why is Apar Inds. falling/rising?

As of 14-Aug, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 8,570.70, which reflects a decrease of Rs 178.0 or 2.03%. The stock has underperformed its sector by 0.65% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 2.59%. The stock's performance over the past week shows a decline of 1.60%, while it has fallen 1.92% over the past month. Despite a positive return of 3.17% over the last year and impressive long-term growth metrics, such as a 23.85% annual increase in net sales and a low debt-to-equity ratio, the recent price movement indicates a struggle in maintaining investor interest, as evidenced by a significant drop in delivery volume by 47.1% against the five-day average.
In the broader market context, Apar Industries Ltd's recent performance contrasts with the Sensex, which has remained relatively stable with a minimal decline of 0.03% over the past week. While the company has shown strong fundamentals and high institutional holdings, the current market sentiment appears to be affecting its stock negatively. The stock's moving averages indicate that it is currently lower than its shorter-term averages, which may signal bearish trends to investors. Overall, despite the company's solid long-term prospects and consistent returns over the past three years, the immediate market dynamics and declining investor participation are contributing to the stock's current downward trajectory.