Why is Apcotex Industri falling/rising?

As of 16-Sep, Apcotex Industries Ltd's stock price is currently at 403.00, reflecting a decline of 5.0, or 1.23%. The stock has been underperforming, having lost 3.68% over the last two days and underperformed its sector by 0.42% today. Despite a significant increase in delivery volume by 1735.72% compared to the 5-day average, the stock remains lower than its 5-day and 50-day moving averages. Over the past year, the stock has generated a return of -7.22%, while its profits have risen by 3.3%, indicating some underlying strength despite the recent price decline. The company's low Debt to EBITDA ratio of 0.64 times and healthy long-term growth in net sales and operating profit suggest a strong ability to service debt, which may support a hold rating despite the current price drop.
In the broader market context, Apcotex Industries Ltd's short-term performance has lagged behind the Sensex, which has gained 1.58% over the past week, while Apcotex has decreased by 1.23%. This disparity highlights the stock's recent struggles in comparison to the overall market. Furthermore, the stock's performance over the last three years shows a significant decline of 32.15%, contrasting sharply with the Sensex's gain of 40.01%, indicating that investor sentiment may be cautious. Overall, while the company has strong fundamentals, its recent price movements reflect a challenging market environment and investor sentiment that may be weighing on the stock.