Why is Amal falling/rising?

As of 30-Jun, Amal Ltd's stock price is rising, currently at 725.00, reflecting an increase of 53.15, or 7.91%. The stock has shown strong performance today, outperforming its sector by 8.21% and achieving a consecutive gain over the last three days with a total return of 20.21%. It reached an intraday high of Rs 739, indicating robust trading activity. Over the past week, the stock has surged by 20.58%, and its year-to-date return stands at an impressive 60.04%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 45.22%, and it has reported positive results for the last seven consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, Amal Ltd's performance significantly outpaces the benchmark, with a one-year return of 95.23% compared to the BSE 500's 3.95%. This remarkable performance highlights investor confidence in the company's growth potential, despite its high valuation metrics, such as a ROE of 29.5 and a Price to Book Value of 9. The relatively low stake held by domestic mutual funds, at only 0.03%, may suggest caution among institutional investors regarding the stock's current price levels. However, the strong growth in net sales and profits, alongside rising investor participation, indicates a favorable outlook for the stock in the near term.