Why is Apollo Tyres falling/rising?

As of 19-Aug, Apollo Tyres Ltd. is experiencing a rise in its stock price, currently at 466.05, reflecting an increase of 1.8 or 0.39%. The stock has shown positive momentum, gaining 8.01% over the last two days and performing in line with its sector. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 224.32% against the 5-day average. Despite a year-to-date decline of 11.99%, the company has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.46 times, and healthy long-term growth with net sales increasing at an annual rate of 12.12%.
In the broader market context, Apollo Tyres has outperformed the Sensex in the short term, with a 1-week return of 4.18% compared to the benchmark's 1.76%. However, the stock's year-to-date performance remains negative, contrasting with the Sensex's positive return of 4.49%. While the company has high institutional holdings at 41.38%, which can provide stability, it has faced challenges with negative results over the last five quarters, including a significant drop in profits. This mixed performance highlights the stock's attractive valuation relative to peers, despite recent struggles, contributing to its current upward movement.