Why is Apollo Tyres falling/rising?

As of 22-Sep, Apollo Tyres Ltd. is experiencing a price increase, currently at Rs 485.50, reflecting a rise of 5.15 (1.07%). The stock has shown a positive performance today, reaching an intraday high of Rs 490.4, although it underperformed its sector by 0.32%. Over the past week, the stock has gained 1.34%, and in the last month, it has risen by 4.06%. Despite this recent uptick, the stock has a year-to-date decline of 8.32% and a one-year return of -5.77%, indicating a challenging longer-term performance. 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, profits have fallen by 38.3% over the past year, which may weigh on investor sentiment.
In the broader market context, Apollo Tyres has outperformed the Sensex in the short term, with a 1W return of 1.34% compared to the benchmark's 0.46%. This suggests that while the stock is currently rising, it is doing so in a relatively favorable market environment. The high institutional holdings at 41.38% indicate confidence from larger investors, who typically have better resources for analyzing company fundamentals. However, the recent decline in delivery volume by nearly 20% against the five-day average could signal a decrease in investor participation, which may impact future price movements. Overall, while the stock shows some positive indicators, the mixed performance metrics suggest caution among investors.