Why is Amal falling/rising?

As of 09-Jul, Amal Ltd's stock price is rising, currently at Rs 797.00, reflecting an increase of Rs 48.15 or 6.43%. The stock has shown strong performance, being only 4.16% away from its 52-week high of Rs 830.15 and outperforming its sector by 6.62% today. Over the past week, the stock has gained 14.45%, and it has delivered impressive returns of 107.07% over the last year, significantly outpacing the BSE500 benchmark. Positive factors contributing to this rise include a robust growth in net sales at an annual rate of 45.22% and a remarkable increase in profit after tax (PAT) of 783.33% over the latest six months. However, the stock's valuation appears expensive with a price-to-book value of 9.9, and domestic mutual funds hold a minimal stake, which may indicate some caution regarding the stock's current price.
In the broader market context, Amal Ltd's short-term performance has significantly outstripped the Sensex, which only saw a 0.15% increase over the past week. This stark contrast highlights the stock's strong momentum and investor interest, particularly as it continues to deliver positive results for seven consecutive quarters. The rising investor participation, evidenced by a 19.45% increase in delivery volume, further supports the stock's upward trajectory. Despite the potential risks associated with its high valuation and low mutual fund ownership, the company's strong growth metrics and market-beating performance in both the short and long term contribute to its rising stock price.