Why is Guj Apollo Inds falling/rising?

As of 25-Aug, Gujarat Apollo Industries Ltd is experiencing a decline in its stock price, currently at 486.85, which reflects a decrease of 11.75 points or 2.36%. The stock has underperformed its sector today, falling after two consecutive days of gains. It reached an intraday high of Rs 515 but also touched a low of Rs 480.55, indicating volatility. Despite a strong performance over the past year with a return of 29.33%, the company has reported operating losses and negative results for the last six consecutive quarters, leading to concerns about its long-term fundamental strength. The stock's ability to service its debt is weak, and the negative EBITDA further adds to the risk, which may have contributed to the recent price drop.
In the broader market context, the stock's short-term performance over the past week shows a slight gain of 0.40%, which is slightly below the benchmark Sensex's gain of 0.45%. However, the stock has significantly outperformed the benchmark over longer periods, such as a 49.98% increase year-to-date compared to the Sensex's 4.48%. The rising investor participation, indicated by a substantial increase in delivery volume, suggests some level of interest despite the current price decline. Nonetheless, the lack of domestic mutual fund investment may reflect a cautious sentiment towards the stock, potentially influencing its recent downward movement.