Why is Aplab falling/rising?

As of 03-Jul, Aplab Ltd's stock price is currently at 47.07, reflecting an increase of 0.92 or 1.99%. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it underperformed its sector by 1.29%. In terms of returns, the stock has shown a 5.97% increase over the past week, contrasting sharply with its performance over the last month and year, where it has declined by 5.29% and 51.19%, respectively. Positive factors include the highest net sales and profit after tax reported in March, but these are overshadowed by significant long-term weaknesses such as operating losses and a high debt-to-equity ratio. Additionally, 29.42% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, Aplab's recent performance contrasts with the benchmark, as the Sensex has seen a slight decline of 0.62% over the past week, while Aplab has outperformed with a 5.97% gain. However, the stock has significantly underperformed the market over the past year, generating a return of -51.19% compared to the BSE500's positive return of 2.20%. This stark difference highlights the challenges Aplab faces, including weak long-term growth and negative EBITDA, which contribute to its risky trading status and overall negative sentiment among investors.