Why is APL Apollo Tubes falling/rising?

As of 04-Jul, APL Apollo Tubes Ltd is experiencing a decline in its stock price, currently at 1,721.35, which reflects a decrease of 7.05 or 0.41%. The stock has been under pressure, having fallen for the last three days, resulting in a total decline of 2.21% during this period. Additionally, the stock's performance over the past week shows a drop of 1.89%, while it has outperformed the benchmark Sensex over the year with an 8.84% return compared to the Sensex's 4.23%. However, the stock's recent performance is concerning as it is currently below its 5-day, 20-day, and 50-day moving averages, despite being above the 100-day and 200-day moving averages. The falling investor participation, indicated by a 34.94% drop in delivery volume, further suggests a lack of confidence among traders.
In the broader market context, the stock's short-term decline contrasts with the Sensex, which has gained 3.01% over the past month. While APL Apollo Tubes has demonstrated strong long-term fundamentals, including a robust Return on Capital Employed (ROCE) of 26.81% and significant growth in net sales and operating profit, these positive factors have not translated into short-term price stability. The high institutional holdings at 48.52% indicate confidence from larger investors, yet the recent price movements suggest that market sentiment may be cautious. Overall, despite the company's solid fundamentals and positive growth indicators, the recent price decline reflects a combination of short-term market pressures and reduced trading activity.