Why is Apollo Micro Sys falling/rising?

As of 23-Jun, Apollo Micro Systems Ltd is experiencing a price increase, currently at Rs 214.50, reflecting a rise of 19.5 or 10.0%. The stock has reached a new 52-week high today and has outperformed its sector by 7.99%. It has shown a strong performance over the last two days, gaining 13.19% in that period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 54.71% increase over the past month and an extraordinary 1710.13% rise over the last three years. The company has consistently reported positive results, with net sales growing at an annual rate of 28.98% and operating profit at 39.77%, contributing to its recent upward momentum.
In the broader market context, Apollo Micro Systems has significantly outperformed the Sensex, which has only increased by 0.12% over the past week and 0.22% over the past month. The stock's strong performance is further supported by the electronics components sector, which has gained 2.04%. Despite a decline in investor participation, as indicated by a 44.01% drop in delivery volume compared to the five-day average, the stock remains liquid enough for trading. Overall, the combination of consistent returns, healthy growth metrics, and positive quarterly results has positioned Apollo Micro Systems favorably in the market, driving its recent price increase.