Why is Apar Inds. falling/rising?

As of 16-Sep, Apar Industries Ltd is experiencing a price increase, currently at 8,640.95, reflecting a rise of 65.6 points or 0.76%. The stock has shown strong performance over the past week with an increase of 8.55%, although its one-month return is modest at 0.82%. Today's price summary indicates that Apar Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there is a notable decline in investor participation, with delivery volume falling by 76.74% compared to the 5-day average. Despite a year-to-date decline of 16.18%, the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit, which may contribute to the recent upward price movement.
In the broader market context, Apar Industries has underperformed relative to the benchmark, with a one-year return of -18.39% compared to the Sensex's slight decline of -0.73%. However, the stock's recent short-term performance of +8.55% over the past week significantly outpaces the Sensex's gain of 1.58% in the same period. This discrepancy highlights a potential recovery phase for Apar Industries, supported by high institutional holdings at 30.86%, which may indicate confidence among larger investors in the company's long-term prospects despite its recent struggles.