Why is APL Apollo Tubes falling/rising?

As of 18-Aug, APL Apollo Tubes Ltd's stock price is currently at 1,612.00, reflecting an increase of 4.5 points or 0.28%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 1.92% during this period. However, it underperformed its sector by 1.43% today. In terms of longer-term performance, the stock has outperformed the benchmark Sensex over the past week, with a return of 1.83% compared to the Sensex's 0.83%. Despite a decline of 3.22% over the past month, the stock has demonstrated strong annual growth of 14.46%, significantly higher than the Sensex's 1.04% over the same period. The company benefits from 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, which supports its ability to service debt effectively.
Broader Market Context: The broader market context indicates that while the BSE500 has generated negative returns of -1.14% over the past year, APL Apollo Tubes has managed to achieve a notable return of 14.46%. This performance highlights the stock's resilience in a challenging market environment. Additionally, the rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence among investors. The company's strong fundamentals, including healthy growth in net sales and operating profit, along with high institutional holdings at 49.88%, further bolster its attractiveness despite some short-term fluctuations.