Why is Amal falling/rising?

As of 10-Jul, Amal Ltd's stock price is currently at 803.20, reflecting an increase of 6.2 points or 0.78%. The stock has recently hit a new 52-week and all-time high of Rs 850, demonstrating strong performance with a 7.26% rise over the last two days. Over the past week, Amal has outperformed the Sensex, gaining 18.00% compared to a slight decline of 0.06% in the benchmark. The company has shown impressive growth in net sales, with a 45.22% annual growth rate, and has consistently declared positive results for the last seven quarters. However, despite these positive indicators, the stock is considered expensive with a high Price to Book Value ratio, and domestic mutual funds hold a minimal stake, which may indicate some caution regarding its valuation.
In the broader market context, Amal's short-term performance significantly outpaces the Sensex, which has only increased by 0.97% over the past month. The stock's strong returns of 27.29% in the last month and 111.23% over the past year highlight its market-beating performance. This indicates that investor sentiment remains positive towards Amal Ltd, driven by its robust financial results and growth prospects, despite some concerns regarding its valuation and low mutual fund participation.