Why is Apex Frozen Food falling/rising?

As of 26-Jun, Apex Frozen Foods Ltd is experiencing a price increase, currently at Rs 240.40, reflecting a rise of 4.5 points or 1.91%. The stock has shown strong performance recently, gaining 5.23% over the last three days and outperforming its sector by 3.3% today. It has also reached an intraday high of Rs 240.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 15.93% compared to the 5-day average. Despite a year-to-date decline of 12.05%, the stock has generated a return of 6.25% over the past year, although profits have decreased significantly by 73.5%.
In the broader market context, Apex Frozen Foods has outperformed the Sensex in the short term, with a 1-week return of 5.05% compared to the Sensex's 2.94%. This indicates that the stock is gaining traction relative to the overall market. The recent positive financial results, including substantial growth in profit before tax, profit after tax, and net sales, have contributed to the stock's upward movement. Furthermore, the attractive valuation metrics, such as a low enterprise value to capital employed ratio, suggest that the stock is trading at a discount compared to its peers, which may enhance investor interest and support the recent price rise.