Why is APL Apollo Tubes falling/rising?

As of 16-Jul, APL Apollo Tubes Ltd is currently priced at 1,709.20, reflecting a decrease of 15.6 points or 0.9%. Today's price summary indicates that the stock has underperformed its sector by 0.4%, with a notable decline in investor participation, as evidenced by a 28.88% drop in delivery volume compared to the 5-day average. Despite this recent downturn, the stock has shown strong long-term fundamentals, including a robust Return on Capital Employed (ROCE) of 26.81% and significant growth in net sales and operating profit. The company also boasts a low Debt to EBITDA ratio of 0.34 times, indicating a strong ability to service its debt. Furthermore, with a fair valuation and high institutional holdings at 48.52%, the stock is trading at a discount compared to its peers, which may support its long-term performance.
In the broader market context, APL Apollo Tubes has experienced a slight decline of 0.05% over the past week, while the benchmark Sensex has fallen by 1.08%. Over the past month, the stock has decreased by 7.42%, contrasting with a 1.02% increase in the Sensex. However, the stock has performed well year-to-date, with an increase of 8.52%, outpacing the Sensex's 5.75% gain. This suggests that while the stock is currently facing short-term challenges, its long-term growth potential remains strong, supported by positive financial metrics and institutional backing.