Why is Apollo Micro Sys falling/rising?

As of 26-Aug, Apollo Micro Systems Ltd is experiencing a decline in its stock price, currently at Rs 243.30, which reflects a decrease of Rs 7.35 or 2.93%. The stock has recently underperformed its sector by 1.3% and has fallen after a streak of seven consecutive days of gains. Despite this short-term decline, the stock remains close to its 52-week high, just 4.71% away, and has shown strong performance over longer periods, with a remarkable 110.83% increase year-to-date and a staggering 1636.62% rise over the past three years. The company has consistently reported positive results over the last eight quarters, with significant growth in operating profit and net sales, indicating a healthy long-term growth outlook.
In the broader market context, while Apollo Micro Systems has demonstrated impressive returns, the benchmark Sensex has seen a slight decline of 1.05% over the past week, suggesting that the stock's recent performance is relatively strong compared to the market. The stock's liquidity is also favorable, with a delivery volume increase of 76.81% against the five-day average, indicating rising investor participation. However, the current price drop may reflect profit-taking after a substantial rally, as investors reassess their positions following the stock's strong performance in previous weeks.