Why is APL Apollo Tubes falling/rising?

As of 22-Sep, APL Apollo Tubes Ltd is currently priced at 1,680.00, reflecting a decrease of 10.75 points or 0.64%. The stock has underperformed its sector today by 0.27% and has experienced a consecutive decline over the last two days, resulting in a total drop of 1.22%. Despite this short-term downturn, the stock has shown positive performance over the past month with a 1.91% increase and a substantial 16.68% rise over the past year. The company boasts strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 26.81%, healthy growth in net sales and operating profit, and a low Debt to EBITDA ratio of 0.34 times. 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, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 0.46% over the past week. While the stock has generated a return of 16.68% over the last year, the overall market has seen negative returns of -2.82% during the same period. This indicates that APL Apollo Tubes has managed to outperform the market despite its recent price decline. The rising investor participation, evidenced by a 15.79% increase in delivery volume, suggests that there is still interest in the stock, which may support its recovery in the longer term.