Why is Apollo Micro Sys falling/rising?

As of 28-Jul, Apollo Micro Systems Ltd is experiencing a price increase, currently at Rs 181.40, which reflects a rise of 9.1 or 5.28%. The stock has outperformed its sector by 7.66% today and has shown a consecutive gain over the last two days, accumulating a total return of 5.59% during this period. The stock reached an intraday high of Rs 185, although it also faced a low of Rs 162.25, indicating high volatility with an intraday fluctuation of 5.77%. Over the past year, the stock has delivered a robust return of 50.29%, significantly outperforming the BSE500 index, and has shown consistent growth with net sales increasing at an annual rate of 28.98% and operating profit at 39.77%.
In the broader market context, while Apollo Micro Systems has shown a positive short-term return, the benchmark Sensex has declined by 1.59% over the past week. This contrast highlights the stock's resilience amidst a generally unfavorable market environment. The electronics components sector has also seen a decline of 2.4%, further emphasizing the strength of Apollo Micro Systems' performance. The rising investor participation, indicated by a significant increase in delivery volume, suggests growing confidence in the stock, which has consistently generated positive results over the last eight quarters, contributing to its upward price movement.