Why is Apar Inds. falling/rising?

As of 17-Sep, Apar Industries Ltd is experiencing a price increase, currently at Rs 8,910.00, reflecting a rise of Rs 269.05 or 3.11%. The stock has shown positive momentum, gaining 3.9% over the last two days and outperforming its sector by 1.88%. Additionally, it has performed well in the short term, with a 5.19% increase over the past week and a 3.96% increase over the past month. Despite a year-to-date decline of 13.57%, the company has strong fundamentals, including a low debt-to-equity ratio of 0.01 and a return on capital employed of 35.20%. Positive financial results, such as the highest operating cash flow and operating profit to interest ratios, further bolster investor confidence.
In the broader market context, Apar Industries Ltd's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.56% over the past week. The stock's strong returns in the short term, combined with high institutional holdings at 30.86%, suggest that informed investors are optimistic about the company's future. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 82.69% against the five-day average, indicating potential caution among retail investors.