Why is Apollo Tyres falling/rising?

As of 03-September, Apollo Tyres Ltd. is currently priced at 485.90, reflecting a decrease of 1.7 points or 0.35%. Despite this decline, the stock has shown positive momentum in the short term, with a 6.79% increase over the past week and a 10.27% rise over the past month. Today's performance indicates that the stock has outperformed its sector by 0.75%, although it has experienced a trend reversal after four consecutive days of gains. The stock is trading above all key moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 575.82% compared to the five-day average. However, the stock has faced challenges, as it has generated a negative return of -3.30% over the past year, coinciding with a substantial profit decline of 38.3%.
In the broader market context, the Sensex has shown a slight decline of 0.27% over the past week, while Apollo Tyres has significantly outperformed this benchmark. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.46 times and healthy long-term growth in net sales and operating profit, support its valuation. Additionally, high institutional holdings at 41.38% suggest confidence from more sophisticated investors. However, the stock's recent price movement reflects a combination of profit declines and market corrections, which may be influencing investor sentiment despite the underlying strengths.