Why is APL Apollo Tubes falling/rising?

As of 11-Aug, APL Apollo Tubes Ltd is currently priced at 1,583.00, reflecting an increase of 4.95 (0.31%). Despite this slight uptick, the stock has shown a decline of 0.24% over the past week and a more significant drop of 6.94% over the past month. The stock is trading below its moving averages across various timeframes, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 81.91% compared to the 5-day average. However, the company demonstrates strong long-term fundamentals, with a robust return on capital employed (ROCE) of 26.81% and healthy growth in net sales and operating profit. The recent positive financial results, including a 25.11% growth in profit before tax and a 22.8% increase in profit after tax, further support its valuation, which remains favorable compared to peers.
In the broader market context, APL Apollo Tubes has outperformed the benchmark, generating a return of 10.94% over the past year while the BSE500 index has declined by 1.85%. This performance highlights the company's resilience despite recent short-term challenges. The stock's high institutional ownership at 49.88% suggests confidence from knowledgeable investors, which may provide some stability. However, the overall market sentiment appears to be cautious, as reflected in the stock's recent price movements and declining trading volumes.