Why is APL Apollo Tubes falling/rising?

As of 10-Jul, APL Apollo Tubes Ltd is currently priced at 1,716.50, reflecting an increase of 6.5, or 0.38%. Despite a recent underperformance in the sector by 0.42%, the stock has shown resilience with a significant rise in investor participation, evidenced by a 110.63% increase in delivery volume compared to the 5-day average. Over the past year, the stock has generated a return of 9.40%, outperforming the BSE500 index in the long term, with a remarkable 888.74% increase over five years. The company's strong fundamentals, including a high Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34 times, contribute positively to its valuation, which is currently at a discount compared to peers.
In the broader market context, APL Apollo Tubes has underperformed the benchmark Sensex in the short term, with a 1-week return of -0.69% compared to the Sensex's -0.06%. However, the company's strong long-term growth metrics, such as a 22.03% annual growth rate in net sales and a high institutional holding of 48.52%, suggest that it is well-positioned for future performance. The stock's ability to generate consistent profits, as indicated by a 3.4% increase in profits over the past year, further reinforces its attractiveness to investors, despite the recent short-term fluctuations.