Why is Guj Apollo Inds falling/rising?

As of 23-Jul, Gujarat Apollo Industries Ltd is experiencing a price increase, currently at Rs 470.55, reflecting a rise of Rs 10.05 or 2.18%. The stock has shown strong performance in recent periods, with a 1-week return of 16.19% and a 1-month return of 30.24%. Although the stock is currently 2.77% away from its 52-week high, it has outperformed its sector by 1.94% today. However, the company is facing challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to Interest ratio and a reported negative return on capital employed (ROCE). Despite generating a significant return of 66.33% over the past year, the company's profits have fallen by 78.8%, which raises concerns among investors.
In the broader market context, the stock's recent performance significantly outpaces the benchmark Sensex, which has only increased by 0.11% over the past week. This indicates that while Gujarat Apollo Industries Ltd is gaining traction in the market, the overall market remains relatively stagnant. The company's liquidity is adequate for trading, but a notable decline in delivery volume suggests a decrease in investor participation, which could impact future price movements. Additionally, the lack of investment from domestic mutual funds may reflect a lack of confidence in the company's long-term prospects, despite its recent price increase.