Why is APL Apollo Tubes falling/rising?

As of 15-Jul, APL Apollo Tubes Ltd's stock price is currently at 1,724.80, reflecting an increase of 28.3, or 1.67%. Today's performance indicates a positive trend as the stock has outperformed its sector by 1.6% and has gained after two consecutive days of decline. The stock is trading above its 5-day, 100-day, and 200-day moving averages, although it remains below its 20-day and 50-day moving averages. Over the past year, the stock has generated a return of 11.42%, and it has shown strong long-term fundamental strength, with a robust average Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34 times, which supports its ability to service debt effectively.
In the broader market context, the stock's short-term return over the past week is -0.78%, which is better than the benchmark Sensex's decline of 1.36%. Despite some recent volatility, APL Apollo Tubes has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 22.03%. The stock's positive performance is further supported by high institutional holdings at 48.52%, indicating strong investor confidence. Overall, while the stock has faced some short-term challenges, its long-term fundamentals and recent positive price movements suggest a resilient outlook compared to the broader market.