Why is Apollo Tyres falling/rising?

As of 19-Sep, Apollo Tyres Ltd. is experiencing a decline in its stock price, currently at 480.35, which reflects a decrease of 4.05 points or 0.84%. Today's price summary indicates that the stock has underperformed its sector by 0.95%, and there has been a notable drop in investor participation, with delivery volume falling by 57.52% compared to the 5-day average. Although the stock has shown positive returns over the past week and month, with increases of 0.94% and 3.07% respectively, it has a year-to-date decline of 9.29% and a one-year return of -7.38%. The company's strong fundamentals, such as a low Debt to EBITDA ratio and healthy long-term growth in net sales and operating profit, suggest a solid financial position, but the recent profit decline of 38.3% over the past year may be contributing to the current downward pressure on the stock.
In the broader market context, Apollo Tyres' short-term performance has slightly outpaced the benchmark Sensex over the past week, which has risen by 0.88%. However, the stock's year-to-date performance significantly lags behind the Sensex's gain of 5.74%. The high institutional holdings at 41.38% indicate that knowledgeable investors are backing the company, yet the overall market sentiment may be influenced by the stock's recent underperformance and declining profits. This combination of factors suggests that while there are strong fundamentals supporting the company, the immediate market reaction is negative, leading to the current decline in stock price.