Why is Apollo Tyres falling/rising?

As of 16-Oct, Apollo Tyres Ltd. has seen its stock price rise by 2.75 points, which is an increase of 0.57%. The stock has been gaining for the last two days, with a total return of 1.66% during this period. However, it has underperformed its sector by 0.78%. Despite this recent uptick, the stock has shown a year-to-date decline of 7.64% and a one-year decline of 5.82%, indicating a challenging performance over a longer timeframe. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.46 times, and has demonstrated 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 contribute to investor caution.
In the broader market context, Apollo Tyres' short-term performance of 0.97% over the past week is below the benchmark Sensex, which has risen by 1.58% in the same period. This underperformance may reflect broader market trends and investor sentiment. Additionally, the stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 40.2% compared to the five-day average suggests a decrease in investor participation. High institutional holdings at 41.38% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals, but the overall market conditions and recent profit declines could be weighing on the stock's performance.