Why is Apex Frozen Food falling/rising?

As of 18-Jul, Apex Frozen Foods Ltd is experiencing a price increase, with its current price at Rs 247.55, reflecting a rise of Rs 1.55 or 0.63%. The stock has shown positive momentum today, outperforming its sector by 0.9%, and reached an intraday high of Rs 254, which is a 3.25% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The company recently reported positive financial results after five consecutive quarters of losses, with significant growth in profit before tax, profit after tax, and net sales, which has likely contributed to the stock's upward movement. However, despite a 6.86% return over the past year, the company's profits have declined by 73.5%, which may temper investor enthusiasm.
In the broader market context, Apex Frozen Foods has outperformed the Sensex over the past week, with a return of 2.68% compared to the benchmark's decline of 0.90%. Over the past month, the stock has also shown a positive return of 5.81%, while the Sensex has only increased by 0.38%. This relative strength in the stock's performance amidst a generally weak market could indicate a growing investor confidence in the company's recovery, especially following its recent positive earnings report. However, the year-to-date performance shows a decline of 9.44% for the stock, contrasting with the Sensex's gain of 4.63%, suggesting that while there are positive developments, broader market conditions and historical performance may still pose challenges.