Why is Apollo Tyres falling/rising?

As of 29-Sep, Apollo Tyres Ltd. is experiencing a decline in its stock price, currently at 465.85, reflecting a decrease of 14.1 points or 2.94%. The stock has been underperforming, having lost 5.77% over the last three days and showing a performance today that is 0.77% lower than its sector. Additionally, the stock has seen a significant drop in delivery volume, which fell by 52.79% compared to the five-day average. Over the past year, the stock has generated a return of -15.00%, while profits have decreased by 38.3%. Despite a low Debt to EBITDA ratio and healthy long-term growth in net sales and operating profit, these factors have not been sufficient to counteract the recent negative price movement.
In the broader market context, Apollo Tyres' short-term performance has been worse than the benchmark, with a one-week return of -4.37% compared to the Sensex's -2.18%. The tyre and allied sector has also seen a decline of 2.06%, contributing to the stock's downward trend. While the company maintains high institutional holdings and an attractive valuation relative to peers, the overall market sentiment and recent performance metrics indicate a challenging environment for the stock, leading to its current price decline.