Why is Apcotex Industri falling/rising?

As of 03-Sep, Apcotex Industries Ltd is experiencing a price increase, currently at Rs 408.80, reflecting a rise of 9.25 or 2.32%. The stock has shown strong performance today, outperforming its sector by 2.21% and achieving a consecutive gain over the last four days, with a total return of 7% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there is a noted decline in investor participation, with delivery volume falling by 37.43% compared to the 5-day average. The company also demonstrates a strong ability to service its debt, supported by a low Debt to EBITDA ratio of 0.64 times, and has shown healthy long-term growth with net sales increasing at an annual rate of 28.47%.
In the broader market context, Apcotex Industries has outperformed the Sensex in the short term, with a 1-week return of +5.16% compared to the benchmark's -0.27%. While the stock has had a negative return of -3.63% over the past month, its year-to-date performance of +9.25% surpasses the Sensex's +3.11%. Despite a decline in the stock's performance over the past year and three years, the recent positive operational results, including a high operating profit to interest ratio and a significant increase in dividends, contribute to the stock's upward movement.