Why is APL Apollo Tubes falling/rising?

As of 07-Aug, APL Apollo Tubes Ltd's stock price is currently at 1,595.85, reflecting an increase of 28.45, or 1.82%. Today's performance indicates that the stock has outperformed its sector by 1.56%. The stock is trading above its 5-day and 200-day moving averages, although it is below the 20-day, 50-day, and 100-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 37.47% compared to the 5-day average. Over the past year, the stock has generated a return of 12.92%, significantly outperforming the benchmark Sensex, which has only returned 1.45% in the same period.
In the broader market context, while the stock has shown resilience with a year-to-date return of 1.33%, the benchmark has performed slightly better with a 3.18% increase. The company's strong fundamentals, highlighted by a robust Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34, contribute positively to its valuation. Additionally, the stock is trading at a discount compared to its peers, and institutional holdings have increased, indicating confidence from larger investors. Despite some short-term fluctuations, the overall positive financial performance and strong institutional backing suggest a favorable outlook for APL Apollo Tubes Ltd.