Why is Apollo Tyres falling/rising?

As of 01-September, Apollo Tyres Ltd. is experiencing a price increase, currently at 468.00, reflecting a change of 5.05 or 1.09% upward. The stock has shown a positive trend over the last three days, gaining 2.86% during this period, although it has underperformed its sector by 0.93%. In the broader context of returns, Apollo Tyres has outperformed the Sensex over the past week and month, with respective returns of +0.53% and +6.21%, while it has lagged behind on a year-to-date basis with a decline of -11.62%. The company benefits from a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.46 times, and has shown healthy long-term growth with net sales increasing at an annual rate of 12.12%. However, it has faced challenges, including negative results over the last five consecutive quarters and a significant drop in profits by -38.3%.
In the broader market context, while the stock has shown resilience in the short term, the Sensex has declined by -1.56% over the past week, indicating a contrasting performance between the stock and the benchmark index. Despite the recent gains, the stock's year-to-date performance remains negative, suggesting that investor sentiment may still be cautious due to the company's recent financial struggles. The high institutional holdings at 41.38% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. Overall, while Apollo Tyres is currently rising, the underlying financial challenges could impact its future performance.