Why is Apar Inds. falling/rising?

As of 23-Sep, Apar Industries Ltd is experiencing a decline in its stock price, currently at 8,671.00, which reflects a decrease of 45.1 points or 0.52%. The stock has been losing value for the last three days, with a total drop of 3.22% during this period. Despite this recent downturn, the stock has shown positive performance over the past month, gaining 5.70%, while it has underperformed year-to-date with a decline of 15.89%. The company benefits from strong long-term fundamentals, including a low debt-to-equity ratio of 0.01 and a healthy return on capital employed of 35.20%. Additionally, the stock has high institutional holdings at 30.86%, indicating confidence from larger investors. However, the stock's recent performance may be influenced by its current trading below the 5-day moving average, despite being above longer-term moving averages.
In the broader market context, Apar Industries Ltd's short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has shown resilience in the longer term, with a remarkable 556.89% increase over the past three years, the recent negative returns may reflect broader market sentiments or sector-specific challenges. The rising investor participation, indicated by a 49.39% increase in delivery volume, suggests that there is still interest in the stock, which could potentially stabilize its price in the near future.