Why is Apollo Pipes falling/rising?

As of 03-Sep, Apollo Pipes Ltd is experiencing a price increase, currently at Rs 408.80, reflecting a rise of 4.2 (1.04%). The stock has shown a positive performance today, outperforming its sector by 0.42%, and reached an intraday high of Rs 415, marking a 2.57% increase. Over the past week, the stock has gained 2.55%, while its one-month return is slightly positive at 1.06%. However, it has faced significant challenges in the longer term, with a year-to-date decline of 11.90% and a staggering 37.45% drop over the past year. Despite these long-term struggles, the company has a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.31 times, and has seen an increase in institutional investor participation, which may contribute to the recent uptick in stock price.
In the broader market context, Apollo Pipes' recent short-term performance contrasts with the Sensex, which has seen a slight decline of 0.27% over the past week. While the stock's short-term gains are encouraging, its long-term outlook remains concerning due to poor growth metrics, including a -22.50% annual rate of operating profit growth over the last five years and a -6.9% decline in net sales in the most recent quarter. The stock's valuation appears expensive with a Price to Book Value of 2.4, and despite being traded at a discount compared to peers, the overall negative trends in profitability and returns suggest that the stock may still face significant headwinds moving forward.