Why is Apcotex Industri falling/rising?

As of 04-Aug, Apcotex Industries Ltd is currently priced at 427.35, reflecting an increase of 3.1, or 0.73%. Despite today's performance showing that the stock underperformed its sector by 1.9%, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short term. Over the past week, the stock has gained 7.92%, while it has shown a significant year-to-date return of 14.20%. The company demonstrates strong financial health with a low Debt to EBITDA ratio of 0.64 times and impressive growth metrics, including a 28.47% annual increase in net sales and a 98.41% rise in operating profit, which likely contribute to investor confidence.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.16% over the past week, Apcotex's performance is notably stronger. However, the broader market context shows that the sector of Rubber Products has gained by 2.59%, indicating some sector-specific strength. Despite a decline in investor participation, as evidenced by a drop in delivery volume, the overall liquidity remains adequate for trading. The stock's ability to maintain a positive trajectory amidst mixed sector performance and declining participation suggests that investors are still optimistic about its long-term growth potential.