Why is Amal falling/rising?

As of 01-Jul, Amal Ltd's stock price is currently at Rs 698.65, reflecting a decrease of Rs 26.35, or 3.63%. Today's price summary indicates that the stock has underperformed its sector by 5.2% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday high of Rs 742 but fell to a low of Rs 663, indicating high volatility with a wide trading range of Rs 79. Despite this decline, Amal Ltd has shown strong performance over the past year, with a return of 89.49%, significantly outperforming the market benchmark. Positive factors include healthy long-term growth in net sales and consistent positive quarterly results, while negative factors highlight the stock's expensive valuation and low domestic mutual fund ownership, which may indicate caution among institutional investors.
Broader market context shows that Amal Ltd has outperformed the benchmark, with a one-week return of 14.94% compared to the Sensex's 2.00%. This strong performance over various periods, including a year-to-date increase of 54.23%, suggests that while the stock is currently experiencing a decline, it has been on a robust upward trajectory overall. The recent drop in price may be attributed to profit-taking after a significant rally, alongside concerns regarding its high valuation relative to peers, which could be influencing investor sentiment.