Why is Apollo Micro Sys falling/rising?

As of 01-Sep, Apollo Micro Systems Ltd is experiencing a price increase, currently at Rs. 266.60, reflecting a rise of 4.0 points or 1.52%. The stock has recently hit a new 52-week high of Rs. 275.95 and has shown strong performance, gaining 9.94% over the last two days. It has outperformed its sector by 1.12% today and is trading above all key moving averages, indicating positive momentum. The company has demonstrated impressive growth, with an annual operating profit increase of 30.83%, and has reported positive results for the last eight consecutive quarters, contributing to its strong performance over various time frames, including a 155.00% return over the past year.
In the broader market context, Apollo Micro Systems has significantly outperformed the Sensex, which has declined by 1.56% over the past week, while the stock itself has risen by 6.36%. This stark contrast highlights the stock's resilience and attractiveness to investors amidst a challenging market environment. The company's consistent returns over the last three years, along with a substantial increase in investor participation, further bolster its position as a strong performer relative to the benchmark.