Why is Apollo Tyres falling/rising?

As of 10-Jul, Apollo Tyres Ltd. is currently priced at 472.20, reflecting a decrease of 1.8 points or 0.38%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it has outperformed its sector by 0.31% today and is trading above its moving averages across various timeframes. However, the stock has underperformed over the past year, generating a return of -10.75%, while its profits have decreased by 30%. The company has also faced negative results for the last four consecutive quarters, which has contributed to investor concerns.
In the broader market context, Apollo Tyres' short-term return of +2.06% over the past week contrasts with the Sensex, which has seen a slight decline of -0.06%. Despite this recent outperformance, the stock's year-to-date performance remains significantly lower than the benchmark, with a decline of -10.83% compared to the Sensex's gain of +6.46%. The company’s strong ability to service debt and healthy long-term growth prospects are positive factors; however, the negative trend in profitability and recent poor quarterly results have overshadowed these strengths, leading to a cautious outlook among investors.