Why is Apollo Tyres falling/rising?

As of 11-Sep, Apollo Tyres Ltd. is experiencing a decline in its stock price, currently at 478.20, which reflects a decrease of 1.8 or 0.38%. The stock has underperformed its sector by 0.95% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.11% during this period. Despite a positive long-term growth outlook, with net sales increasing at an annual rate of 12.12% and operating profit at 32.37%, the company has faced significant challenges, including negative results for the last five consecutive quarters and a substantial drop in profits by 38.3%. Additionally, the stock's delivery volume has decreased by 26.41% compared to the five-day average, indicating falling investor participation. In the broader market context, the stock's one-week return is down by 1.66%, while the benchmark Sensex has gained 1.03%, highlighting a significant underperformance relative to the market. Year-to-date, Apollo Tyres has seen a decline of 9.70%, contrasting with the Sensex's increase of 4.36%. The stock is trading at a discount compared to its peers, which may attract some investors; however, the high institutional holdings at 41.38% suggest that these investors are likely cautious given the company's recent financial performance. Overall, the combination of declining profits, negative quarterly results, and reduced trading volume contributes to the stock's current downward trajectory.