Why is APL Apollo Tubes falling/rising?

As of 08-Aug, APL Apollo Tubes Ltd is experiencing a decline in its stock price, currently at 1,578.05, reflecting a decrease of 17.8 points or 1.12%. The stock has underperformed in the short term, with a 1-week return of -0.83% and a 1-month return of -9.22%. Today's price summary indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 51.62% compared to the 5-day average. Despite these challenges, the company has strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34 times, which support its valuation and growth potential.
In the broader market context, APL Apollo Tubes has outperformed the benchmark Sensex over the past year, generating a return of 10.13% compared to the Sensex's 1.23%. However, the stock's recent performance contrasts with the negative returns of -1.79% from the BSE500 index over the last year, indicating that while the company has strong fundamentals, its short-term price movement is not aligned with its historical performance. The high institutional ownership at 49.88% suggests confidence from larger investors, which may provide some stability, but the recent decline in stock price and trading volume indicates a cautious sentiment among retail investors.