Why is APM Industries falling/rising?

As of 09-Jul, APM Industries Ltd's stock price is currently at Rs 38.88, reflecting an increase of Rs 1.19 or 3.16%. The stock has shown a positive performance today, outperforming its sector by 3.17% and reaching an intraday high of Rs 39.49, which is a 4.78% increase. However, despite this short-term gain, the stock has experienced significant underperformance over the past year, with a return of -34.10%, and a troubling trend of negative operating profits and low return on equity. The company has reported operating losses, with a PBT of Rs -2.57 crore, indicating a decline of -165.6% compared to previous quarters. This weak financial performance, combined with falling investor participation and a significant drop in delivery volume, suggests that the stock's recent rise may not be sustainable.
In the broader market context, APM Industries has outperformed the Sensex in the short term, with a 1-week return of +6.67% compared to the Sensex's +0.15%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. While the stock has shown some resilience in the short term, the overall negative operating profits and weak long-term fundamentals indicate that investors may still view it as a risky investment. The stock's liquidity is adequate for trading, but the significant decline in delivery volume raises questions about sustained investor interest.