Why is Apex Frozen Food falling/rising?

As of 04-Jul, Apex Frozen Foods Ltd is experiencing a decline in its stock price, currently at 246.35, which reflects a decrease of 4.5 or 1.79%. The stock has underperformed its sector by 0.56% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.68%. Despite opening with a gain of 4.8% and reaching an intraday high of Rs 262.9, the stock has shown high volatility with an intraday fluctuation of 5.5%. Over the past week, the stock has increased by 1.63%, but it has a year-to-date decline of 9.88%, indicating a challenging performance relative to the broader market. The recent positive financial results, including significant growth in profit before tax, profit after tax, and net sales, suggest potential for recovery, yet the stock's profits have fallen dramatically over the past year, contributing to investor caution.
In the broader market context, the Sensex has shown a slight decline of 0.74% over the past week, while Apex Frozen Foods has outperformed this benchmark during the same period. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 6.77% this year. The falling investor participation, with a significant drop in delivery volume, indicates a lack of confidence among investors, which could be impacting the stock's price negatively. Although the stock is trading at a discount compared to its peers and has shown some positive financial indicators, the overall market sentiment and recent performance trends suggest that investors are cautious, leading to the current decline in stock price.