Why is Apcotex Industri falling/rising?

As of 18-Sep, Apcotex Industries Ltd is experiencing a price increase, currently at Rs 411.00, which reflects a rise of 4.3 or 1.06%. The stock has shown a positive performance today, outperforming its sector by 1.64% and achieving a consecutive gain over the last two days with a total return of 1.99%. It reached an intraday high of Rs 414.95, indicating strong trading momentum. However, despite this upward movement, the stock has underperformed in the short term, with a 1-week return of -1.44% and a 1-month return of -0.47%. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.64 times, and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 28.47%.
In the broader market context, Apcotex's recent performance contrasts with the Sensex, which has gained 1.80% over the past week and 2.14% over the past month. While Apcotex has shown a year-to-date increase of 9.83%, its longer-term performance remains concerning, with a 1-year return of -4.59% and a 3-year return of -30.81%. The stock is currently trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value. However, the falling investor participation, as indicated by a significant drop in delivery volume, could signal caution among traders despite the positive operational metrics and fair valuation of the company.