Why is Apollo Micro Sys falling/rising?

As of 25-Aug, Apollo Micro Systems Ltd is experiencing a significant rise in its stock price, currently at Rs 250.65, which reflects an increase of Rs 15.45 or 6.57%. The stock has reached a new 52-week high of Rs 254.75 today and has shown impressive performance with a consecutive gain over the last seven days, resulting in a total return of 34.47% during this period. Additionally, the stock has outperformed its sector by 5.61% today. Over the past year, Apollo Micro Systems has generated a remarkable 137.92% return, significantly outperforming the BSE500 index in each of the last three annual periods. The company has also demonstrated strong financial health, with operating profit growing at an annual rate of 30.83% and consistent positive results over the last eight quarters.
In the broader market context, Apollo Micro Systems has outperformed the Sensex, which has only increased by 0.45% over the past week, while the stock itself has surged by 27.95% in the same timeframe. This stark contrast highlights the stock's strong momentum and investor interest, particularly as evidenced by a 407.58% increase in delivery volume compared to the five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, the combination of strong financial performance, consistent returns, and rising investor participation has contributed to the stock's upward trajectory.