Why is Apollo Micro Sys falling/rising?

As of 12-Nov, Apollo Micro Systems Ltd's stock price is currently at 281.65, reflecting an increase of 5.15 or 1.86%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 6.95% during this period. It has outperformed its sector by 2.1% today and reached an intraday high of Rs 283.3. Despite a decline of 11.31% over the past month, the stock has demonstrated impressive long-term growth, with a year-to-date return of 144.06% and a remarkable 190.36% increase over the past year. The company has consistently reported positive results for the last nine quarters, with a significant net profit growth of 90.91% and a healthy operating profit growth rate of 35.76%, contributing to the stock's upward movement.
In the broader market context, Apollo Micro Systems has outperformed the Sensex over the past week, with a return of 1.35% compared to the benchmark's 1.21%. This indicates that while the stock has faced some short-term challenges, its long-term performance remains strong, significantly beating the market averages over multiple periods. The rising investor participation, as evidenced by a 14.1% increase in delivery volume, further supports the stock's positive momentum. Overall, the combination of strong financial results, consistent performance, and favorable market conditions contributes to the stock's rising price.