Why is Apar Inds. falling/rising?

As of 31-Oct, Apar Industries Ltd is experiencing a decline in its stock price, currently at Rs 8,675.00, which represents a decrease of Rs 574.9 or 6.22%. The stock has underperformed its sector by 5.3% today and has been on a downward trend for the last two days, accumulating a total drop of 8.19%. Additionally, the stock has shown a negative return of 0.60% over the past week and a significant decline of 15.85% year-to-date, despite a positive return of 5.57% over the past month. The stock's volatility has been high, with an intraday volatility of 5.71%, and it has traded more volume near its low price of Rs 8,629.4 today. While the company has strong long-term fundamentals, including low debt and healthy growth in net sales and operating profit, it has underperformed the market over the past year, which may be contributing to the current price decline.
In the broader market context, the Sensex has shown a slight decline of 0.32% over the past week, indicating that the market is also facing some headwinds. However, Apar Industries Ltd's performance has been notably worse, particularly in the last year where it has generated negative returns of -13.57%, contrasting sharply with the market's positive return of 4.13%. This underperformance may be influencing investor sentiment negatively, despite the company's strong fundamentals and high institutional holdings, which have increased by 1.02% in the previous quarter. The disparity between the company's performance and the broader market could lead to increased caution among investors, further impacting the stock's price movement.