Why is APL Apollo Tubes falling/rising?

As of 12-Sep, APL Apollo Tubes Ltd is currently priced at 1,703.00, reflecting an increase of 24.85 (1.48%). The stock has shown a positive trend today, outperforming its sector by 1.51% and reversing a two-day decline. In terms of performance, the stock has delivered a 2.19% return over the past week, 7.65% over the past month, and an impressive 19.09% over the past year, significantly outpacing the benchmark Sensex, which has returned -1.28% in the same timeframe. The company benefits from strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 26.81%, and has demonstrated healthy growth in net sales and operating profit. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings at 49.88%, which have increased by 1.36% over the previous quarter.
In the broader market context, while the BSE500 has generated negative returns of -3.45% over the last year, APL Apollo Tubes has managed to achieve a positive return of 19.09%, highlighting its resilience. However, there are signs of falling investor participation, as indicated by a decline in delivery volume, which may affect future price movements. Despite this, the stock's liquidity remains adequate for trading, suggesting that it can still attract investor interest. Overall, the combination of strong fundamentals, positive recent performance, and a favorable comparison to the broader market contributes to the stock's rising price.