Why is Aplab falling/rising?

As of 23-Jul, Aplab Ltd's stock price is currently at 47.00, reflecting an increase of 0.69 or 1.49%. The stock has shown a positive performance today, outperforming its sector by 1.68%. However, despite this short-term gain, the stock's longer-term performance has been concerning, with a year-to-date decline of 43.36% and a one-year return of -51.04%. Positive quarterly results, including a significant increase in net sales and the highest recorded profit after tax, suggest some strength; however, the company faces challenges such as high debt levels and negative EBITDA, which contribute to its classification as a strong sell.
In the broader market context, Aplab's short-term performance has been relatively flat, with a 1-week return of 0.00%, compared to a slight gain of 0.11% in the Sensex. While the stock has outperformed the sector today, its long-term returns are significantly below the benchmark, with a three-year return of +54.86% compared to +47.54% for the Sensex. This underperformance, coupled with declining investor participation and liquidity concerns, indicates that while there may be short-term gains, the overall outlook remains weak, reflecting broader market challenges for Aplab Ltd.