Why is Apollo Micro Sys falling/rising?

As of 08-Aug, Apollo Micro Systems Ltd is currently priced at 177.15, reflecting a decrease of 1.9 points or 1.06%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.02% during this period. Despite this recent drop, the stock has shown strong performance over the longer term, with a year-to-date increase of 53.51% and a remarkable rise of 1155.94% over the past three years. Additionally, the stock has outperformed its sector by 0.62% today, and there has been a notable increase in investor participation, with delivery volume rising by 7.6% compared to the five-day average.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has declined by 0.92% over the past week while Apollo Micro Systems has gained 4.21%. This indicates that the stock has been relatively resilient compared to the overall market. However, the stock's recent performance is tempered by its current position below the 20-day and 50-day moving averages, despite being above the 5-day, 100-day, and 200-day moving averages. The liquidity of the stock appears adequate for trading, with a volume that supports a trade size of Rs 1.27 crore, suggesting that while the stock is facing short-term challenges, it remains an attractive option for investors in the longer term.