Why is Aplab falling/rising?

As of 27-Jun, Aplab Ltd's stock price is rising, currently at Rs 46.64, reflecting an increase of 2.22 (5.0%). The stock has shown a strong performance today, outperforming its sector by 3.42% and has gained 17.63% over the past week. It opened with a 5% gain and reached an intraday high of Rs 46.64. However, despite this short-term rise, the stock has significantly underperformed over the past month and year, with returns of -40.63% and -52.01%, respectively. Positive results in March, including the highest net sales and profit after tax, have contributed to the recent uptick, but the company faces challenges such as high debt levels and operating losses, which indicate weak long-term fundamentals.
In the broader market context, while Aplab's recent short-term performance has been strong, it has still lagged behind the benchmark Sensex, which has gained 2.00% over the past week. The stock's long-term performance remains concerning, with a significant decline of -52.01% over the past year compared to the Sensex's positive return of 6.08%. The high debt-to-equity ratio and the fact that 29.42% of promoter shares are pledged add to the risk profile of the stock, suggesting that while there may be short-term gains, the overall outlook remains precarious in the context of broader market performance.