Why is Amal falling/rising?

As of 07-Jul, Amal Ltd's stock price is rising, currently at Rs 770.75, reflecting an increase of Rs 93.3 or 13.77%. Today's performance indicates that the stock has outperformed its sector by 14.1% and has experienced a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 785, showcasing significant volatility with an intraday fluctuation of 7.3%. Over the past week, Amal has gained 6.31%, and its year-to-date return stands at an impressive 70.14%, significantly outperforming the Sensex, which has only increased by 6.79% during the same period. The company's strong fundamentals, including a remarkable 45.22% annual growth in net sales and a staggering 783.33% growth in profit after tax over the last six months, contribute positively to its recent price movement.
In the broader market context, Amal's short-term performance has been notably strong compared to the benchmark, as it has generated a 6.31% return over the past week while the Sensex has declined by 0.20%. Despite the stock's impressive returns, concerns about its high valuation, indicated by a Price to Book Value of 9.6 and low domestic mutual fund participation at only 0.03%, may suggest caution among investors. However, the stock's consistent positive results over the last seven quarters and its ability to outperform the market in both the long and near term reinforce investor confidence, driving the recent price increase.