Why is APL Apollo Tubes falling/rising?

As of 16-Sep, APL Apollo Tubes Ltd is experiencing a decline in its stock price, currently at 1,695.00, reflecting a decrease of 12.4 points or 0.73%. Today's price summary indicates that the stock has underperformed its sector by 1.39% and has seen a trend reversal after two consecutive days of gains. Despite being higher than the 5-day, 20-day, 50-day, and 200-day moving averages, it remains lower than the 100-day moving average. Over the past week, the stock has slightly underperformed with a return of -0.09%, while it has shown a positive performance of 5.31% over the last month. The stock's strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 26.81% and significant growth in net sales and operating profit, suggest a solid foundation, but the recent price movement indicates some short-term volatility.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.58% over the past week. While APL Apollo Tubes has generated a notable return of 16.70% over the past year, the overall market has faced negative returns of -0.73%. The high institutional holdings at 49.88% indicate confidence from larger investors, which could provide stability; however, the recent decline may reflect market corrections or profit-taking after previous gains. The liquidity of the stock, supported by a significant rise in delivery volume, suggests that there is still active trading interest, which may help mitigate further declines.