Why is APL Apollo Tubes falling/rising?

As of 25-Jul, APL Apollo Tubes Ltd is experiencing a decline in its stock price, currently at Rs 1,541.30, which reflects a decrease of Rs 152.35 or 9.0%. Today's price summary indicates that the stock has underperformed its sector by 7.2% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 1,528, showcasing significant volatility with an intraday fluctuation of 6.63%. Over the past week, the stock has decreased by 7.46%, and over the past month, it has fallen by 14.37%. Despite these short-term declines, the company shows strong long-term fundamentals, with a robust return on capital employed (ROCE) of 26.81% and healthy growth in net sales and operating profit. However, the stock is currently trading below its moving averages, which may indicate bearish sentiment among investors.
In the broader market context, APL Apollo Tubes' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.36% over the past week. This underperformance is notable as the stock's year-to-date return is down 2.14%, while the Sensex has gained 4.25% in the same period. The high institutional holdings at 49.88% suggest that informed investors are still confident in the company's long-term prospects, as evidenced by their increased stake. However, the stock's current price movement and volatility may reflect short-term market reactions rather than long-term fundamentals, which remain strong.