Why is Amal falling/rising?

As of 04-Jul, Amal Ltd's stock price is currently at 677.45, reflecting a decrease of 3.25, or 0.48%. The stock has been underperforming recently, having fallen for the last four consecutive days, resulting in a total decline of 6.56%. Despite this short-term downturn, the stock has shown strong performance over longer periods, with a 1-year return of 76.10%, significantly outpacing the market's return of 4.23%. However, today's performance indicates a decline in investor participation, with delivery volume dropping by 51.9% compared to the 5-day average, which may contribute to the stock's recent price movement. While the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 45.22% and positive results over the last seven quarters, its high valuation metrics and low domestic mutual fund ownership may raise concerns among investors.
In the broader market context, Amal Ltd's recent performance contrasts with the benchmark Sensex, which has declined by 0.74% over the past week while Amal's stock has gained 0.83%. This indicates that, despite its current struggles, the stock has been relatively resilient compared to the market. However, the stock's recent underperformance against its sector and the falling investor participation suggest that market sentiment may be shifting. The combination of a high price-to-book ratio and limited domestic mutual fund interest could signal caution among investors, potentially impacting future price movements.