Why is Apollo Pipes falling/rising?

As of 29-Jul, Apollo Pipes Ltd is experiencing a decline in its stock price, currently at 404.05, which reflects a decrease of 1.05 or 0.26%. The stock has underperformed its sector by 0.66% today and has shown a trend reversal by gaining after two consecutive days of decline. Despite this slight recovery, the stock's performance over the past week and month has been negative, with returns of -4.47% and -5.32%, respectively. Year-to-date, the stock has dropped by 12.92%, and over the past year, it has decreased by 34.30%. However, it is noteworthy that the company maintains a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 1.31 times. Additionally, institutional investors have increased their stake by 1.99% in the previous quarter, which may reflect a positive outlook on the company's fundamentals. In the broader market context, the Sensex has also faced challenges, with a decline of 1.03% over the past week and 3.24% over the past month, suggesting that the market conditions are not favorable for many stocks. However, while Apollo Pipes has underperformed relative to the benchmark, the increase in institutional investor participation could provide some support for the stock moving forward. The stock's liquidity remains adequate, with a delivery volume that has risen by 19.76% against the five-day average, indicating growing interest among investors. Overall, while the stock is currently facing downward pressure, the recent trends in investor participation and debt management may offer some resilience in the face of broader market challenges.