Why is Amal falling/rising?

As of 03-Jul, Amal Ltd's stock price is currently at Rs 680.70, reflecting a decrease of Rs 15.65 or 2.25%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 6.11% during this period. Despite opening with a gain of 2.65% today and reaching an intraday high of Rs 714.8, it also touched a low of Rs 672.65. Over the past week, the stock has shown a positive return of 11.63%, and it has significantly outperformed the market with a 75.87% return over the last year compared to the BSE500's 2.20%. However, the recent drop in delivery volume by 41.6% against the 5-day average indicates falling investor participation, which may contribute to the stock's decline.
In the broader market context, while Amal Ltd has demonstrated strong long-term growth with a net sales increase of 45.22% annually and positive results over the last seven quarters, its current valuation is considered expensive with a Price to Book Value of 8.5. This high valuation, coupled with the minimal stake held by domestic mutual funds, suggests a lack of confidence at the current price level. Although the stock has shown impressive growth metrics, the recent underperformance relative to its sector and declining investor interest may be influencing its current price movement.