Why is Apollo Micro Sys falling/rising?

As of 24-Jun, Apollo Micro Systems Ltd is experiencing a decline in its stock price, currently at Rs 204.05, which reflects a decrease of Rs 10.45 or 4.87%. Today's price summary indicates that the stock reached a new 52-week high of Rs 221.4 earlier in the day but has since fallen, underperforming its sector by 5.7%. The stock has shown significant volatility, trading within a wide range of Rs 22.5, with a notable intraday low of Rs 198.9. Despite this drop, the stock has demonstrated strong long-term growth, with a remarkable 86.01% return over the past year and a staggering 1571.17% increase over the last three years. The company has consistently reported positive results, with net sales and operating profit growing at impressive rates, contributing to its overall healthy performance.
In the broader market context, Apollo Micro Systems has outperformed the Sensex over various periods, including a 1-week return of 1.49% compared to the Sensex's 0.58%. However, the recent decline in stock price may be attributed to a trend reversal after two consecutive days of gains, indicating a potential profit-taking scenario among investors. Despite the current downturn, the stock remains liquid and has seen a significant increase in delivery volume, suggesting continued interest from investors. Overall, while the stock is currently facing a decline, its strong historical performance and positive financial indicators may support a recovery in the near future.