Why is Apex Frozen Food falling/rising?

As of 31-Jul, Apex Frozen Foods Ltd's stock price is currently at 245.75, reflecting an increase of 4.5, or 1.87%. Today's price summary indicates that the stock has outperformed its sector by 3.15% and has experienced a trend reversal after three consecutive days of decline. Despite opening with a significant loss of 6.72%, the stock reached an intraday high of Rs 247.9. Over the past week, the stock has shown a modest gain of 0.92%, although it has underperformed the benchmark Sensex, which declined by 1.22%. The company recently reported positive financial results, marking a significant turnaround after five quarters of losses, with notable growth in profit before tax and net sales. However, the stock has also faced challenges, including a long-term decline in sales and operating profit, which may contribute to investor caution.
In the broader market context, while Apex Frozen Foods has shown a slight improvement in the short term, it has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -10.10% compared to the Sensex's gain of 3.90%. The recent increase in institutional investor participation, with a 1.01% rise in their stake, suggests a growing confidence in the company's fundamentals, which could support the stock's recovery. However, the overall negative long-term growth trends and the significant decline in delivery volume indicate that investors remain cautious about the stock's future performance.