Why is APL Apollo Tubes falling/rising?

As of 07-Jul, APL Apollo Tubes Ltd's stock price is currently at 1,725.00, reflecting an increase of 3.65 (0.21%). The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent 1-week performance of -0.88%, the stock has outperformed its sector today by 0.39%. It is trading above its 100-day and 200-day moving averages, although it is below its 5-day, 20-day, and 50-day moving averages. The company has strong long-term fundamentals, evidenced by a high Return on Capital Employed (ROCE) of 26.81% and significant growth in net sales and operating profit. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings at 48.52%, which suggests confidence from knowledgeable investors.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week decline compared to the Sensex's minor drop of -0.20%. However, over the longer term, APL Apollo Tubes has outperformed the benchmark indices, generating a 9.90% return over the past year compared to the Sensex's 4.31%. This indicates that while the stock has faced recent challenges, its overall performance remains strong in the context of the market, reflecting a solid long-term growth trajectory despite short-term fluctuations.