Why is Apollo Micro Sys falling/rising?

As of 23-Sep, Apollo Micro Systems Ltd is experiencing a price increase, currently at Rs 338.00, reflecting a rise of Rs 5.7 or 1.72%. The stock has shown strong performance over the past month, with a remarkable increase of 43.71%, and it has generated an impressive 212.67% return over the last year. Today's price summary indicates that the stock is close to its 52-week high, being only 4.93% away from Rs 354.65, and it outperformed its sector by 1.36%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 48.7% against the 5-day average. While the company has demonstrated healthy long-term growth, with a net profit increase of 109.73% and consistent positive results over the last eight quarters, it also faces challenges such as a high valuation and a significant percentage of promoter shares being pledged.
Broader market context shows that while Apollo Micro Systems has outperformed the benchmark Sensex over the past month and year, it has underperformed in the short term, with a 1.46% decline over the last week compared to the Sensex's slight decrease of 0.34%. This indicates that despite the stock's strong long-term performance, recent fluctuations may be influenced by broader market conditions and investor sentiment. The stock's liquidity remains adequate for trading, but the falling delivery volume could signal caution among investors, potentially impacting future price movements.