Why is APL Apollo Tubes falling/rising?

As of 09-Sep, APL Apollo Tubes Ltd is experiencing a price increase, currently at 1,696.50, reflecting a rise of 6.25 or 0.37%. The stock has shown a positive trend, gaining 1.8% over the last two days and outperforming its benchmark, the Sensex, with a 1-week return of 2.60% compared to the Sensex's 1.18%. The stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, indicating strong momentum, although it remains below the 100-day moving average. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 70.64% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, APL Apollo Tubes has outperformed the market, which has seen negative returns of -2.87% over the past year, while the stock itself has generated a return of 21.20%. The company's strong fundamentals, including a robust Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34, contribute to its attractiveness. Furthermore, the stock's valuation remains favorable compared to peers, trading at a discount with a Price to Book Value of 11.2. The increase in institutional holdings by 1.36% over the previous quarter also reflects confidence in the company's long-term growth potential, further supporting the stock's upward movement.