Why is Aplab falling/rising?

As of 04-Jul, Aplab Ltd's stock price is currently at 48.01, reflecting an increase of 0.94 or 2.0%. The stock has shown a positive performance today, outperforming its sector by 2.13% and has gained 4.03% over the last two days. In the past week, Aplab has returned +2.94%, while its performance over the last month is +3.00%. However, despite these short-term gains, the company has faced significant challenges, including a year-to-date decline of -42.14% and a one-year drop of -49.47%. Positive quarterly results in March, with record net sales and profit after tax, have been overshadowed by long-term weaknesses such as operating losses, high debt levels, and a negative EBITDA, which contribute to a perception of risk among investors.
In the broader market context, Aplab's recent performance contrasts with the benchmark, as the Sensex has experienced a slight decline of -0.74% over the past week and a modest gain of +3.01% over the past month. This indicates that while Aplab has managed to rise in the short term, it has significantly underperformed the market over the last year, where the BSE500 has generated a return of +2.13%. The high percentage of pledged promoter shares adds to the stock's volatility, particularly in a declining market, which could further pressure its price despite recent gains.