Why is Aplab falling/rising?

As of 02-Jul, Aplab Ltd's stock price is currently at 46.15, reflecting a decline of 0.88, or 1.87%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 3.83% during this period. Additionally, the stock's performance over the past week shows a gain of 9.08%, but it has significantly underperformed over the last month and year, with declines of 10.02% and 51.56%, respectively. The stock's moving averages indicate that while it is above the 5-day and 20-day averages, it remains below the longer-term averages, suggesting a lack of sustained upward momentum. The delivery volume has also decreased sharply, indicating falling investor participation, which could further contribute to the stock's downward pressure. The company's weak long-term fundamentals, characterized by high debt and operating losses, along with a significant portion of promoter shares being pledged, add to the negative sentiment surrounding the stock.
In the broader market context, Aplab's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.79% over the past week and 6.75% year-to-date. This stark difference highlights the stock's struggle to keep pace with the overall market, particularly as it has generated negative returns of 51.56% over the last year while the market has seen positive returns. The company's poor long-term growth prospects, evidenced by a significant decline in operating profit and a negative EBITDA, further exacerbate its challenges in attracting investor confidence. Overall, the combination of weak performance metrics, high debt levels, and declining investor interest suggests that Aplab Ltd is facing considerable headwinds, contributing to its current price decline.