Why is Apcotex Industri falling/rising?

As of 06-Nov, Apcotex Industries Ltd's stock price is rising, currently at Rs 391.00, reflecting an increase of Rs 36.15 or 10.19%. The stock has shown strong performance today, outperforming its sector by 8.84% and has gained 10.95% over the last two days. It opened with a gain of 4.27% and reached an intraday high of Rs 399.9. Over the past week, the stock has increased by 12.20%, while its one-month return stands at 4.31%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 19.45% and a low debt to EBITDA ratio of 0.64 times, indicating a strong ability to service debt. Additionally, the company has reported positive results for the last three consecutive quarters, which has likely contributed to the stock's upward movement.
In the broader market context, Apcotex Industries Ltd's recent performance contrasts sharply with the Sensex, which has declined by 1.30% over the past week. This indicates that the stock is gaining traction despite a generally unfavorable market environment. The stock's liquidity remains adequate, and institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals. However, there has been a slight decline in delivery volume, which may indicate a potential concern regarding investor participation. Overall, the combination of strong financial performance, positive investor sentiment, and favorable comparisons to the benchmark has contributed to the stock's rise.