Why is APL Apollo Tubes falling/rising?

As of 04-Sep, APL Apollo Tubes Ltd is currently priced at 1,669.75, reflecting a decrease of 4.5 points or 0.27%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, it has outperformed its sector by 0.51% today. Over the past week, the stock has shown a positive return of 4.49%, and it has also performed well over longer periods, with a year-to-date increase of 6.02% and a one-year return of 14.71%. However, there has been a notable drop in investor participation, with delivery volume decreasing by 17.26% compared to the five-day average. The stock remains liquid enough for trading, with a value of Rs 1.56 crore based on 2% of the five-day average traded value.
In the broader market context, while the stock has generated a return of 14.71% over the past year, the benchmark Sensex has seen a decline of 1.98% during the same period, indicating that APL Apollo Tubes has outperformed the market significantly. The company's strong fundamentals, including a high return on capital employed (ROCE) of 26.81% and a low debt-to-EBITDA ratio of 0.34, support its long-term growth potential. Additionally, the increase in institutional holdings by 1.36% over the previous quarter suggests confidence among larger investors. Despite the recent price drop, the stock's fair valuation and strong performance relative to the market may provide a solid foundation for future recovery.