Why is Amal falling/rising?

As of 14-Jul, Amal Ltd's stock price is rising, currently at Rs 956.80, reflecting an increase of Rs 156.3 or 19.53%. The stock has recently hit a new 52-week and all-time high of Rs 960.6, demonstrating strong performance today with an intraday high increase of 20%. Over the past week, Amal has outperformed the sector by 18.18% and has shown significant returns, with a 1-month increase of 59.19% and a year-to-date rise of 111.21%. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 45.22% and net profit growing by 38.64%. Positive results over the last eight consecutive quarters and a high return on capital employed (ROCE) further bolster investor confidence, despite the stock being considered expensive based on its price-to-book value.
Broader Market Context: In contrast to the Sensex, which has seen a decline of 1.42% over the past week, Amal Ltd has demonstrated remarkable resilience and growth. The stock's performance is particularly noteworthy given its substantial outperformance over various time frames, including a 157.38% return over the past year compared to the Sensex's 2.15%. This strong performance indicates that investor sentiment remains positive, despite the relatively low domestic mutual fund holdings in the company, which may suggest some caution among institutional investors. Overall, the combination of strong financial results and significant market outperformance has contributed to the stock's upward movement.