Why is Apex Frozen Food falling/rising?

As of 03-Jul, Apex Frozen Foods Ltd is currently priced at 250.85, reflecting a decline of 7.6 points or 2.94%. The stock has recently experienced a trend reversal, falling after seven consecutive days of gains. Today, it underperformed its sector by 3.39%, with an intraday low of 250.55, indicating a significant drop. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend prior to this drop. Additionally, the company has shown a notable increase in investor participation, with delivery volume rising by 242.96% against the 5-day average. Over the past year, the stock has generated a return of 11.66%, although profits have decreased by 73.5%, which may contribute to investor caution.
In the broader market context, Apex Frozen Foods has outperformed the Sensex over the past week and month, with returns of 4.35% and 10.00%, respectively, compared to the benchmark's -0.62% and +3.10%. However, year-to-date, the stock is down 8.23%, while the Sensex has gained 6.53%. The recent positive quarterly results, including significant growth in profit before tax and net sales, suggest potential for recovery, yet the stock's valuation remains attractive compared to peers, which may not be enough to offset the recent profit decline. This combination of factors indicates that while there are positive signs for the company, the current price movement reflects a cautious market response to its recent performance and overall profitability trends.