Why is APL Apollo Tubes falling/rising?

As of 18-Jul, APL Apollo Tubes Ltd is currently priced at 1,665.60, reflecting a decrease of 24.4 points or 1.44%. The stock has been underperforming, having fallen for the last three days with a total decline of 3.43% during this period. Additionally, it has underperformed its sector by 1.76% today. The stock's performance over the past week shows a decline of 2.08%, while it has fared better over the year with an increase of 8.93%. Despite strong long-term fundamentals, including a robust Return on Capital Employed (ROCE) of 26.81% and healthy growth in net sales and operating profit, the recent price movement may be influenced by falling investor participation, as evidenced by a 22.62% drop in delivery volume compared to the five-day average.
In the broader market context, APL Apollo Tubes' recent short-term performance contrasts with the benchmark Sensex, which has only declined by 0.90% over the same week. While the stock has shown strong long-term growth, its recent underperformance may be attributed to market sentiment and liquidity issues, as indicated by the declining delivery volumes. The stock's higher moving averages over longer periods suggest a potential for recovery, but the current downward trend highlights investor caution. Overall, while the company maintains strong fundamentals and institutional support, the recent price decline reflects short-term challenges that may be affecting investor confidence.