Why is Apex Frozen Food falling/rising?

As of 11-Nov, Apex Frozen Foods Ltd is experiencing a significant price increase, currently priced at Rs. 271.10, reflecting a rise of Rs. 28.15 or 11.59%. The stock has recently hit a new 52-week high of Rs. 291.5 today and has outperformed its sector by 5.93%. It has been gaining for the last two days, accumulating a total return of 16% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The rising investor participation is also notable, with a delivery volume increase of 261.76% against the 5-day average, contributing positively to the stock's momentum.
In the broader market context, Apex Frozen Foods has outperformed the Sensex over the past week and month, with returns of 14.85% and 20.33%, respectively, compared to the Sensex's 0.49% and 1.66%. However, it is important to note that the stock is down 0.82% year-to-date, while the Sensex has gained 7.34% during the same period. The aquaculture sector has also shown positive movement, gaining 5.55%, which may have contributed to the favorable conditions for Apex Frozen Foods. Overall, the combination of strong recent performance, positive sector trends, and increased investor interest has led to the stock's rising price.