Why is APL Apollo Tubes falling/rising?

As of 27-Oct, APL Apollo Tubes Ltd is currently priced at 1,761.10, reflecting an increase of 7.0 (0.4%). The stock has been gaining for the last four days, with a return of 0.65% over the past week, outperforming the Sensex, which has risen by 0.49% in the same period. However, it underperformed its sector today by 0.69%. Despite a decline in delivery volume by 27.81% against the 5-day average, the stock is trading above its moving averages across various time frames, indicating a strong upward trend. The company exhibits strong long-term fundamentals, with a robust return on capital employed (ROCE) of 26.81%, healthy growth in net sales and operating profit, and a low debt-to-EBITDA ratio, contributing to its positive price movement.
In the broader market context, APL Apollo Tubes has shown significant long-term performance, with a year-to-date return of 11.82%, compared to the Sensex's 8.50%. This outperformance is further highlighted by the stock's impressive returns over the past three years, where it has outpaced the BSE500. The high institutional ownership at 52.63% suggests confidence from knowledgeable investors, which may bolster the stock's stability and growth potential. Overall, while there are signs of reduced investor participation in the short term, the company's strong fundamentals and historical performance continue to support its rising stock price.