Why is Apollo Tyres falling/rising?

As of 20-Aug, Apollo Tyres Ltd. is currently priced at 466.00, experiencing a slight decline of -0.05, which represents a -0.01% change. The stock has underperformed its sector by -0.56% today and has seen a trend reversal after two consecutive days of gains. Despite this recent dip, Apollo Tyres has shown positive performance over the past week with a return of +4.80% and +2.45% over the past month. However, the stock has struggled year-to-date with a -12.00% return and a -6.65% return over the past year, coinciding with a significant drop in profits of -38.3%. The company maintains a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 1.46 times, and has healthy long-term growth prospects with net sales growing at an annual rate of 12.12%.
In the broader market context, while the Sensex has increased by +1.64% over the past week and +0.12% over the past month, Apollo Tyres' performance has lagged behind these benchmarks. The stock's high institutional holdings at 41.38% suggest that knowledgeable investors are involved, yet the company has faced negative results for the last five consecutive quarters, which has likely contributed to investor caution. The stock is currently trading at a discount compared to its peers' average historical valuations, but the recent decline in earnings per share and the lowest debtors turnover ratio may be weighing on investor sentiment, leading to the current price movement.