Why is APM Industries falling/rising?

As of 10-Sep, APM Industries Ltd's stock price is currently at Rs 34.20, reflecting an increase of Rs 1.2 or 3.64%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a gain of 2.27%. It outperformed its sector by 1.06% and reached an intraday high of Rs 34.5, which is a 4.55% increase. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date return of -36.37% and a one-year return of -41.65%. The company's weak long-term fundamentals, highlighted by a significant decline in operating profits and low return on equity, contribute to a risky investment profile, which may temper investor enthusiasm despite today's positive movement.
In the broader market context, APM Industries has outperformed the Sensex in the short term, with a weekly return of +6.34% compared to the benchmark's +1.06%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the past three years, with a staggering -41.65% return in the last year alone. This consistent underperformance, coupled with negative operating profits and low profitability metrics, suggests that while there may be short-term gains, the overall outlook for APM Industries remains weak, impacting investor sentiment and potentially leading to volatility in its stock price.