Why is APL Apollo Tubes falling/rising?

As of 14-Jul, APL Apollo Tubes Ltd is currently priced at 1,696.50, reflecting a decrease of 4.5, or 0.26%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 1.17% during this period. In terms of performance relative to benchmarks, the stock has underperformed over the past week and month, with returns of -1.65% and -7.85% respectively, while the Sensex has shown a smaller decline of -1.42% and a gain of +1.40% over the same periods. Despite these short-term challenges, the company demonstrates strong long-term fundamentals, including a robust average 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, which may provide a buying opportunity for investors.
Broader Market Context: The recent decline in APL Apollo Tubes' stock price contrasts with the broader market, as the Sensex has shown resilience with positive returns over the past month. The stock's performance has been impacted by falling investor participation, as evidenced by a significant drop in delivery volume, which has decreased by 51.44% against the five-day average. This decline in trading activity may reflect a cautious sentiment among investors, despite the company's strong fundamentals and high institutional holdings. Overall, while the stock has shown impressive long-term growth, its recent performance indicates a struggle to maintain momentum in the face of broader market trends and reduced trading interest.