Why is Aplab falling/rising?

As of 01-Jul, Aplab Ltd's stock price is currently at 47.03, reflecting a decrease of 0.96, or 2.0%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. It has underperformed its sector by 0.89% today, and the delivery volume has decreased by 11.85% compared to the five-day average, indicating a decline in investor participation. Over the past week, the stock has shown a significant gain of 16.70%, but it has underperformed in the longer term, with a one-month return of -12.88% and a year-to-date return of -43.32%. Positive results were reported for the quarter ending March 25, with net sales and profit after tax at their highest levels, but these gains are overshadowed by the company's long-term weaknesses, including high debt and negative EBITDA.
In the broader market context, while the Sensex has gained 2.00% over the past week, Aplab's performance has been significantly weaker, highlighting its struggles in comparison to the benchmark. The stock has underperformed the market over the last year, generating a return of -49.98% against the BSE500's positive return of 3.20%. The company's poor long-term growth, indicated by an annual operating profit decline of 223.32% over the past five years and a high debt-to-equity ratio, further contributes to the stock's downward pressure. Additionally, with 29.42% of promoter shares pledged, there is an increased risk of further declines in a falling market, adding to the stock's overall negative sentiment.