Why is Apex Frozen Food falling/rising?

As of 28-Jul, Apex Frozen Foods Ltd is experiencing a decline in its stock price, currently at Rs 245.20, which reflects a decrease of Rs 2.7 or 1.09%. Despite a strong opening with a gain of 4.28% and an intraday high of Rs 258.5, the stock has faced downward pressure, likely influenced by the overall performance of the aquaculture sector, which has fallen by 4.13%. Over the past week, the stock has outperformed the sector by 3.11%, but its year-to-date performance shows a significant decline of 10.30%. The company has recently reported positive financial results, including a substantial growth in profit before tax and net sales, which may have initially buoyed investor sentiment. However, the long-term growth concerns, such as a decline in net sales and operating profit over the past five years, alongside a lack of domestic mutual fund investment, suggest caution among investors.
In the broader market context, Apex Frozen Foods has shown a positive return of 1.74% over the past week, contrasting with the Sensex, which has declined by 1.59%. However, the stock's year-to-date performance of -10.30% starkly contrasts with the Sensex's gain of 3.52%, indicating a consistent underperformance against the benchmark. This underperformance is further highlighted by the stock's negative returns over the past year and three years, which may contribute to investor hesitance. The overall market sentiment, combined with the company's mixed financial outlook, suggests that while there are some positive indicators, the prevailing risks and historical performance are leading to a decline in stock price.