Why is Apar Inds. falling/rising?

As of 12-Sep, Apar Industries Ltd's stock price is currently at 8,604.10, reflecting an increase of 118.6, or 1.4%. The stock has shown a positive trend recently, gaining 10.61% over the past week and outperforming its sector by 1.04% today. Despite a decline of 2.40% over the past month and a year-to-date drop of 16.54%, the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio of 0.01 and a robust return on capital employed of 35.20%. Positive financial results, such as the highest operating cash flow and operating profit to interest ratio, contribute to the stock's upward movement, although there has been a notable decrease in investor participation, with delivery volume falling by 25.75% against the 5-day average.
In the broader market context, Apar Industries has outperformed the Sensex in the short term, with a 10.61% return over the past week compared to the benchmark's 1.48%. However, the stock has underperformed over the longer term, with a 14.67% decline over the past year, contrasting sharply with the Sensex's slight drop of 1.28%. While high institutional holdings at 30.86% may provide some support, the overall market sentiment has been cautious, particularly given the stock's significant underperformance relative to the broader market in the past year.