Why is APL Apollo Tubes falling/rising?

As of 17-Sep, APL Apollo Tubes Ltd is currently priced at 1,683.45, reflecting a decline of 11.55 points or 0.68%. The stock has underperformed its sector by 0.42% today and has experienced a consecutive fall over the last two days, resulting in a total decrease of 1.4%. Despite this recent downturn, the stock has shown positive performance over the past month, with a return of 4.59%, and a significant increase of 16.22% over the past year. The company exhibits strong long-term fundamentals, including a robust Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34 times, which supports its ability to service debt effectively. Additionally, the stock is trading at a discount compared to its peers, with high institutional holdings at 49.88%, indicating confidence from larger investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.56% over the past week and 2.60% over the past month. While APL Apollo Tubes has outperformed the market over the past year, the current short-term decline may reflect broader market sentiments or sector-specific challenges. Despite the recent price drop, the stock's long-term growth prospects remain strong, as evidenced by its impressive annual growth rates in net sales and operating profit. However, the recent underperformance in the short term could be a concern for investors, especially given the overall positive market trends.